Clinical Data Implements Luminex xMAP Solution, Expanding Breadth of Its Genotyping Services.The Luminex([R]) xMAP([R]) system to enhance Cogenics' clinical and agricultural genotyping franchises Clinical Data awarded Luminex Partner status NEWTON, Mass. -- Clinical Data, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CLDA CLDA California Lyme Disease Association ) announced today that its Cogenics[TM] division, a provider of comprehensive pharmacogenomics and molecular biology molecular biology, scientific study of the molecular basis of life processes, including cellular respiration, excretion, and reproduction. The term molecular biology was coined in 1938 by Warren Weaver, then director of the natural sciences program at the Rockefeller services, has implemented a Luminex xMAP([R]) multiplexing system to expand its genotyping service offerings and advance its clinical and agricultural genotyping franchises. Cogenics is introducing services based on the Luminex xMAP platform at its GLP See gateway location protocol. facility in Morrisville, NC. The new Luminex system is ideally suited to address the growing demand for robust, high throughput multiplexed genotyping studies for research applications and clinical trials services and will advance Cogenics' clinical and agricultural genotyping franchises. As a Luminex Partner, Cogenics will offer custom genotyping assays and commercially available xMAP based kits from third party companies. Robert Bondaryk, Ph.D., Senior Vice President and General Manager of Cogenics, commented, "We are excited to offer the Luminex platform and its benefits to our growing client base. We feel that the addition of this technology allows Cogenics to continue to enhance its service offerings to pharmaceutical and biotech companies and academic clients, by providing a versatile, new age genomic platform that can be utilized for both research and regulated studies." Luminex Corporation (NASDAQ: LMNX) develops, manufactures and markets proprietary biological testing technologies with applications throughout the life sciences industry. Luminex's xMAP system is an open-architecture, multi-analyte profiling technology that delivers fast, accurate and cost-effective bioassay Bioassay A method for the quantitation of the effects on a biological system by its exposure to a substance, as well as the quantitation of the concentration of a substance by some observable effect on a biological system. results to markets as diverse as pharmaceutical drug discovery, clinical diagnostics and biomedical research Biomedical research (or experimental medicine), in general simply known as medical research, is the basic research or applied research conducted to aid the body of knowledge in the field of medicine. , including the genomics and proteomics research markets. Bondaryk continued, "Cogenics has developed a portfolio of over one hundred genomics-based services to support the growing needs of its commercially driven client base. Over the last several years, Cogenics has positioned itself for rapid growth by expanding its capacity for these services through the acquisition of new instrumentation, automation, improved processes, and capacity utilization Capacity Utilization measures the rate at which a firm makes use of their capital productive capacities, such as factories and machinery. Capacity Utilization generally rises when the economy is healthy and falls when demand softens. . The addition of the Luminex multiplexing platform continues this trend and strengthens Cogenics' position as a premier provider of pharmacogenomic and molecular biology services." About Clinical Data, Inc. Clinical Data, Inc. is a global biotechnology company unlocking the potential of molecular discovery, from targeted science to better healthcare. Its PGxHealth division focuses on genetic test and biomarker development to help predict drug safety and efficacy, thereby reducing health care costs and improving clinical outcomes. Its Cogenics division provides molecular and pharmacogenomics services to both research and regulated environments. Its Vital Diagnostics division offers in vitro diagnostics In vitro diagnostic (IVD) tests are medical tests conducted in a test tube, or more generally in a controlled environment outside a living organism. In vitro means in glass in Latin. solutions for the clinical laboratory. Through these divisions, Clinical Data is leveraging advances in molecular discovery to provide tangible benefits for patients, doctors, scientists, and health plans worldwide. For more information, visit www.clda.com. About Cogenics Cogenics offers more than 15 years of experience as a trusted provider of the broadest range of pharmacogenomics and molecular biology services available globally. Cogenics provides integrated services In computer networking, IntServ or integrated services is an architecture that specifies the elements to guarantee quality of service (QoS) on networks. IntServ can for example be used to allow video and sound to reach the receiver without interruption. for nucleic acid nucleic acid, any of a group of organic substances found in the chromosomes of living cells and viruses that play a central role in the storage and replication of hereditary information and in the expression of this information through protein synthesis. extraction, genotyping, sequencing, QPCR QPCR Quantitative Polymerase Chain Reaction , and gene expression, as well as serving as a biorepository, for both research and regulated environments: GLP, cGMP and CLIA CLIA Clinical Laboratory Improvement Amendments of 1988 Congressional legislation that promulgated quality assurance practices in clinical labs, and required them to measure performance at each step of the testing process from the beginning to the end-point of a . Cogenics combines operations from the acquisitions of Genaissance Pharmaceuticals, Lark Technologies (US & UK), Icoria, and Genome Express (France). Its customers include some of the world's most respected pharmaceutical and biotechnology companies, agencies of the US National Institutes of Health, leading government and academic researchers in the international life science community, and major agricultural companies and agencies. Visit the company's website at www.cognenics.com. 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. STATEMENT 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 This press release contains certain forward-looking information about Clinical Data that is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)," "feel(s)," "believe(s)," "will," "may," "anticipate(s)" and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to statements regarding: our ability to successfully integrate the operations, business, technology and intellectual property obtained in our acquisitions; our ability to obtain regulatory approval for, and successfully introduce our products and services; our ability to expand our long-term business opportunities; our ability to maintain normal terms with our customers and partners; financial projections and estimates and their underlying assumptions; and statements regarding future performance. All of such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to: whether our sequencing services will gain wide acceptance in the market; our ability to achieve the expected synergies and operating efficiencies from all of our acquisitions; the strength of our intellectual property rights; competition from pharmaceutical, biotechnology and diagnostics companies; the development of and our ability to take advantage of the market for pharmacogenetic products and services; general economic downturns; and other risks contained in our various SEC reports and filings, including but not limited to our Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended December 31, 2006, and our subsequent Current Reports on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof, and we do not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events. |
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