Charles River Enters Into Cloning Partnership With Advanced Cell Technology.Business/Technology Editors & Health/Medical Writers BIOWIRE2K WILMINGTON, Mass.--(BW HealthWire)--July 5, 2001 Charles River Charles River River, eastern Massachusetts, U.S. The longest river wholly in the state, it flows into Boston Bay after a course of about 80 mi (130 km). Navigable for about 7 mi (11 km), its estuary separates the cities of Boston and Cambridge. Laboratories International, Inc. (NYSE NYSE See: New York Stock Exchange : CRL CRL - Carnegie Representation Language. Carnegie Group, Inc. Frame language derived from SRL. Written in Common LISP. Used in the product Knowledge Craft. ), through its wholly-owned subsidiary Charles River Laboratories, Inc., today announced that it has entered into a technology partnership agreement with Advanced Cell Technology, Inc. (ACT), to apply ACT's novel transgenic technologies to the creation of cloned rat research models used in diabetes and cardiovascular disease Cardiovascular disease Disease that affects the heart and blood vessels. Mentioned in: Lipoproteins Test cardiovascular disease research. In December 2000, Charles River entered into a complementary technology partnership with Tufts University Tufts University, main campus at Medford, Mass.; coeducational; chartered 1852 by Universalists as a college for men. It became a university in 1955. Jackson College, formerly a coordinate undergraduate college for women, merged with the College of Liberal Arts in School of Veterinary Medicine veterinary medicine, diagnosis and treatment of diseases of animals. An early interest in animal diseases is found in ancient Greek writings on medicine. Veterinary medicine began to achieve the stature of a science with the organization of the first school in the , to apply a novel cloning technology to an immunodeficient mouse model used in cancer and infectious disease Infectious disease A pathological condition spread among biological species. Infectious diseases, although varied in their effects, are always associated with viruses, bacteria, fungi, protozoa, multicellular parasites and aberrant proteins known as prions. research. Cloned rat and mouse models are expected to offer biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. researchers a more targeted and predictable research tool for use in the discovery and development of new drugs to treat human disease. The initial cloning work at ACT will be done in rat models currently bred by Charles River that are frequently used in diabetes and cardiovascular research. In exchange for sponsoring a research commercialization program, Charles River will license ACT's technology for the purpose of breeding and selling or licensing cloned rat models for research. Efficient cloning of high value research models through ACT's proprietary techniques is expected to increase the utility of these models to researchers, as well as improve the efficiency with which they are produced at Charles River. In many areas of drug discovery a cloned research model is expected to improve on existing models by eliminating variability and thereby improving the quality and consistency of research results. James C. Foster James Clifford Foster is the chairman and chief executive officer of Charles River Laboratories, Inc., an international company that works on the drug discovery and development process. , Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , commented: "We're very pleased to be working with ACT in the area of animal cloning research. This agreement reflects our strategy of developing new growth platforms through external R&D partnerships with scientific leaders. We believe ACT and its world class scientific team is in a unique position to develop what we hope will be the first commercially available cloned rat. We expect the cutting edge work being done by ACT and our other scientific partners will lead to both significant benefits to researchers who use our research models in their drug discovery and development work, and also lead to improved efficiency of production of high value models at Charles River." Charles River Laboratories, based in Wilmington, Massachusetts, is a leading provider of critical research tools and integrated support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services that enable innovative and efficient drug discovery and development. The Company is the global leader in providing the animal research models required in research and development for new drugs, devices and therapies. The Company also offers a broad and growing portfolio of biomedical products and services that enable customers to reduce cost, increase speed, and enhance productivity and effectiveness in drug discovery and development. Charles River's customer base spans over 50 countries, and includes all of the major pharmaceutical and biotechnology companies, as well as many leading hospitals and academic institutions. The Company operates 76 facilities in 15 countries worldwide. Advanced Cell Technology, Inc., headquarted in Worcester, MA, is engaged in the research and development of technologies for the production of transgenic animals with applications in pharmaceutical protein production and cell and organ transplant therapy. Formed in 1994, ACT's initial focus is in three program areas. First, to create cloned transgenic cows. Second, to produce cloned transgenic animals as donors of cells for transplant therapies. And third to lead in the application of human cell nuclear transfer to produce cells and tissues genetically identical to patients with various life-threatening illnesses. ACT has several patents on its cloning technology. This document contains "forward looking statements." Such statements involve a number of risks and uncertainties that could cause actual results to differ materially from those stated or implied by the forward looking statements, including risks specific to the matters described herein, such as failure to commercialize research and development plans, changes in legislative and regulatory rules and restrictions governing the application of cloning technology to animal research models, opposition of special interest groups, intellectual property matters, and other general risks impacting the business of Charles River that are described in the Risk Factors contained in Company's periodic filings with the SEC, including Form S-3 filed on June 25, 2001. The Company disclaims any intent or obligation to update forward looking statements, and otherwise claims the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. protections for forward looking statements afforded under The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. |
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