Cortex Biochem Inc. and Bouty SpA Sign Exclusive Distribution Agreement; Bouty to Market Cortex Biochem Inc.'S MagaZorb Nucleic Acid Isolation Kits in Italy.RALEIGH, N.C. -- Cortex Biochem(TM) Inc., a global leader in developing magnetic particle technology and products used in genomic research and clinical diagnostics, has established an exclusive distribution and limited license agreement with Bouty S.p.A. of Milan, Italy. Effective January of this year, the agreement allows Bouty and Bouty's subsidiary Biotechnology Division, Technogenetics S.r.l., to promote, market and sell Cortex Biochem(TM) Inc.'s MagaZorb(R) 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. Isolation Kits and associated reagents in Italy. "We are very excited about our agreement with Bouty, which launches our selling efforts of MagaZorb(R) in Europe," said Matt Pourfarzaneh, 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 Cortex Biochem(TM) Inc. "We are confident that this is the ideal partnership to firmly establish our technology in the European market. We anticipate progressive market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" since MagaZorb(R) provides greater value with better performing, faster, flexible nucleic acid isolation. A global company with considerable marketing experience, Bouty continues to expand its presence in Italy and Europe. Through its partnerships like the one with Cortex Biochem(TM), Bouty has been commercializing biotechnology products in the areas of 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 , genetics and immunology for over 20 years. With its acquisition of Technogenetics S.r.l., Bouty gained considerable expertise in developing, producing and marketing techniques and products for molecular investigations. Dr. Pourfarzaneh said it is just this sort of distribution experience Cortex Biochem(TM) needs to insure the successful launch of the MagaZorb(R) products in Europe. Earlier this year, Cortex Biochem(TM) Inc. received a U.S. patent for the MagaZorb(R) Nucleic Acid (DNA/RNA) Isolation and Purification System, which provides the core technology for the MagaZorb(R) products being marketed by Bouty. The system provides a single process for isolating nucleic acids Nucleic acids The cellular molecules DNA and RNA that act as coded instructions for the production of proteins and are copied for transmission of inherited traits. , such as DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. , RNA RNA: see nucleic acid. RNA in full ribonucleic acid One of the two main types of nucleic acid (the other being DNA), which functions in cellular protein synthesis in all living cells and replaces DNA as the carrier of genetic and PNA PNA Palestinian National Authority PNA Phoneline Networking Alliance PNA Peptide Nucleic Acid PNA Personal Navigation Assistant PNA Pacific/North American PNA Polish National Alliance (established 1880 in Chicago, Illinois) , from various samples, including biological fluids, tissues and cells. Dr. Pourfarzaneh said that while other systems require separate kits and protocols for different source material, MagaZorb(R) uses the "one kit for all" concept and is sensitive enough to isolate very small amounts of nucleic acids. About Cortex Biochem(TM): Cortex Biochem(TM) Inc., based in San Leandro, CA, is a leading developer and manufacturer of innovative, versatile, and reliable products for Molecular Biology, Magnetic Separation, and Immunodiagnostics. The company's proprietary magnetic particle technology is the foundation for its MagaZorb(R) and MagaPhase(R) products as well as other reagents for 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. and reporter gene research. Cortex Biochem's worldwide business channels support research scientists as well as molecular and clinical laboratories in their quest to advance basic research and improve commercial operations. See www.cortex-biochem.com for more information. About Bouty S.p.A.: Bouty S.p.A. provides contract manufacturing for pharmaceuticals and diagnostics, scale-up and commercial manufacturing, product formulation and development, as well as marketing, promotion and distribution. In 1973, Bouty was acquired by Carter Wallace, Inc., a major U.S. multinational healthcare group. Bouty S.p.A. is based in Milan, Italy. See www.bouty.it for more information. |
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