Clinical Data and IO Informatics Partner for 2-Year Phase of Informatics Grant.NEWTON, Mass. & EMERYVILLE, Calif. -- 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 ) and IO Informatics, Inc. today announced an agreement to partner on the final phase of a five-year Advanced Technology Program (ATP ATP: see adenosine triphosphate. ATP in full adenosine triphosphate Organic compound, substrate in many enzyme-catalyzed reactions (see catalysis) in the cells of animals, plants, and microorganisms. ) grant from the National Institute of Science and Technology The National Institute of Science and Technology (abbrv NIST) is an engineering college in Pallur Hills Orissa, 12 km from the city of Berhampur. It was started in 1996 by a few NRIs, some of whom belonged to Orissa. (NIST (National Institute of Standards & Technology, Washington, DC, www.nist.gov) The standards-defining agency of the U.S. government, formerly the National Bureau of Standards. It is one of three agencies that fall under the Technology Administration (www.technology. ). The $11.7 million grant, initially awarded to Clinical Data, Inc. subsidiary Icoria, in 2002, is the largest ever ATP grant awarded in the area of bioinformatics. The grant's aim is to create software tools and other technologies that can better support the discovery of novel targets, drugs and diagnostics using systems biology Systems biology, a field of study in the biosciences, focuses on the systematic study of complex interactions in biological systems. Particularly from 2000 onwards, the term is used widely in the biosciences, and in a variety of contexts. , or the analysis of biological systems as an integrated and interacting network of gene, proteins and biochemicals. Systems biology treats gene function, protein expression, and biochemical processes as measurable components that can be engineered to accomplish specific therapeutic tasks. Assessing how these components influence each other to determine the response of a system, however, requires software that can discern and manage disparate data types. The ATP partnership will leverage IO Informatics' revolutionary intelligent multidimensional object (IMO "In my opinion." See IMHO and digispeak. IMO - IMHO ); a mobile, extensible database (database) extensible database - A DBMS that allows access to data from remote sources as if the remote data were part of the database. record that transforms specific pieces or even parts of data into objects that scientists can describe, utilize, share, and relate to across application and database boundaries. The IMO will be applied to data accumulated through Clinical Data's proprietary Gene to Cell System(TM) approach to pharmaceutical and life science discovery. "Targeted therapeutics and personalized medicine see dimensional data. sets and reveal important system level behaviors," said Tom Colatsky, Chief Scientific Officer at Icoria. "We look forward to partnering with IO Informatics in our quest to create a new and improved generation of tools for target assessment and life sciences research." "The IMO has the potential to transform data management in the same way that PDFs have transformed file sharing Copying files from one computer to another. See peer-to-peer network, file sharing protocol and file and printer sharing. ," says Patricia Rougeau, president and 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. of IO Informatics. "The IMO enables biologists to define how data relates and make semantic connections between everything from gene functions to therapeutic information obtained from clinical trials." Clinical Data has already successfully completed three technical milestones in this ATP grant. These consisted of the development, validation and analysis of two increasingly complex coherent data sets, and the production of prototype data coherence tools. The data sets were based on Clinical Data's investigation of liver injury in rats induced by acetaminophen acetaminophen (əsēt'əmĭn`əfĭn), an analgesic and fever-reducing medicine similar in effect to aspirin. It is an active ingredient in many over-the-counter medicines, including Tylenol and Midol. , a common pain reliever. This work also involved the discovery of biomarkers indicative of hepatotoxicity hepatotoxicity (hepˑ· About IO Informatics IO Informatics (www.io-informatics.com) is revolutionizing software methods by developing intelligent agents that enable a multidimensional approach to data integration. Through the proprietary IMO (intelligent multidimensional object) and Sentient sentient /sen·ti·ent/ (sen´she-ent) able to feel; sensitive. sen·tient adj. 1. Having sense perception; conscious. 2. Experiencing sensation or feeling. , an interactive software environment, IO Informatics enables medical, pharmaceutical, and other life science researchers to structure and define data relationships, view these relationships, query them, and capitalize on them--all within a secure, compliant, auditable framework that helps organizations accumulate and capitalize on research knowledge. IO Informatics is located in Emeryville, California. About Clinical Data, Inc. Clinical Data, Inc. is a worldwide leader in providing molecular services and clinical diagnostics to improve patient care. Clinical Data's molecular services division is among the largest independent providers of pharmacogenomics and metabolomics services globally and consolidates the operations of Genaissance Pharmaceuticals, Inc., Lark Technologies, Inc. and Icoria, Inc., each acquired during 2005. The division is utilizing pharmacogenomics to develop molecular diagnostics and more efficacious therapeutics by finding genetic markers to guide drug development and utilization. These services and products are marketed to the pharmaceutical, biotech, clinical, academic, government and agricultural marketplaces. Clinical Data's Vital Diagnostics division consolidates the operations of Clinical Data Sales & Service, Inc., Vital Scientific NV, Vital Diagnostics Pty. Ltd., and Electa Lab s.r.l., which are each focused on the small volume clinical diagnostics market worldwide. Vital Diagnostics' instrumentation business has a market focus on the physician's office, hospital and small-to-medium sized laboratory segments. With customers in approximately 100 countries, Vital Diagnostics has also achieved a leading market share for instruments and reagents sold into moderately complex physician's office laboratories within the United States. 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 and statements that are intended to be covered by the safe harbor for forward looking statements provided by the Private Securities Litigation Reform Act of 1995. 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 plans, objectives and expectations with respect to future operations, products, services, and scientific outcomes. Such statements are subject to certain risks and uncertainties, the effect 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, those discussed and identified by Clinical Data in its public filings with the U.S. Securities and Exchange Commission; the effect on the Company's operations and results of significant acquisitions or divestitures made by major competitors; and the Company's ability to achieve expected synergies and operating efficiencies in all of its acquisitions, and to successfully integrate its operations. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. Clinical Data does not undertake any obligation to republish revised forward looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Readers are also urged to carefully review and consider the various disclosures in Clinical Data's SEC reports including but not limited to its Annual Report on Form 10-KSB for the fiscal year ended March 31, 2005, and fiscal 2005 and 2006 quarterly reports on Forms 10-QSB and 10-Q. |
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