DNAPrint Obtains a Supply Agreement on the LNA Technology From Exiqon.Business Editors/Health & Medical Writers SARASOTA, Fla.--(BUSINESS WIRE)--Aug. 28, 2002 DNAPrint genomics, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DNAP DNAP Division of Natural Areas and Preserves DNAP Diplôme National d'Arts Plastiques (French: Visual Arts National Diploma) DNAP DNAPrint Genomics, Inc. ) announced today that it has obtained a non-exclusive right of supply from the Danish company Exiqon A/S to incorporate Locked Nucleic Acid A locked nucleic acid (LNA), often referred to as inaccessible RNA, is a modified RNA nucleotide. The ribose moiety of an LNA nucleotide is modified with an extra bridge connecting the 2' and 4' carbons. (LNA LNA Low-Noise Amplifier LNA Locked Nucleic Acid (Link Technologies Ltd.) LNA Linolenic Acid LNA Licensed Nursing Assistant LNA Launch Numerical Aperture LNA Ladies National Association LNA Leading National Advertisers, Inc. (TM)) technology into certain of its pharmacogenomics and forensics tests. DNAPrint kits use small DNA probes to query specific single nucleotide polymorphisms (SNPs) within an individual's genome. The probes contain molecular "addresses" that targets each particular SNP much like a street address targets a postal letter. Most kits made today contain natural 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. ; however there are a number of technical advantages associated with using artificially modified DNA molecules instead. The supply agreement signed today enables DNAPrint to use a specially modified DNA called LNA(TM) in the construction of its test kits. Exiqon holds the patent for the LNA(TM) technology. The use of LNA(TM) (Locked Nucleic Acid) is expected to provide superior technical performance and robustness for DNAprint kits and services. LNA(TM) is a novel class of DNA analogs that provide outstanding improvements in a number of key DNA hybridization properties. Of paramount importance for diagnostic use, the technology combines exquisite binding affinity towards complementary DNA, but with an unusual ability to discriminate between matching and mismatching target sequences. This quality makes LNA(TM) ideal for SNP (Single Nucleotide Polymorphism) detection, particularly within the context of gene families. The term "Locked Nucleic Acids" was coined by Exiqon to emphasize that the usual conformational freedom of the furanose furanose /fu·ra·nose/ (fu´rah-nos) any sugar containing the four-carbon furan ring structure; it is a cyclic form that ketoses and aldoses may take in solution. fu·ra·nose n. ring in standard nucleosides is restricted in LNA(TM) due to a methylene linker connecting the 2'-O position to the 4'-C position. This restriction accounts for the enhanced specificity. Terms of the open-ended supply agreement were not disclosed. About DNAPrint genomics, Inc.: DNAPrint genomics Inc. was founded by a team of scientists with research and commercial experience in high-level mathematical and statistical modeling, programming and molecular genetics. Our quest is to become the leader in the development of complex pharmacogenomics classifiers for a personalization of drug prescription. The Company is traded on the 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 OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the ticker symbol: DNAP. For more information about the Company, please visit http://www.dnaprint.com. About Exiqon A/S: Exiqon A/S is a privately held Scandinavian biotech company offering technologies and services for the development of simple and accurate molecular assays in the pharmaco- and functional genomics and proteomics fields. The Company provides a variety of technologies for genetic testing, gene expression analysis, sample preparation and biomolecular immobilization Immobilization Definition Immobilization refers to the process of holding a joint or bone in place with a splint, cast, or brace. This is done to prevent an injured area from moving while it heals. and assay. For more information about the Company, please visit http://www.exiqon.com. All statements in this press release that are not historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act as amended. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, but not limited to, uncertainties relating to technologies, product development, manufacturing, market acceptance, cost and pricing of DNAPrint's products, dependence on collaborations and partners, regulatory approvals, competition, intellectual property of others, and patent protection and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . DNAPrint genomics, Inc. expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in DNAPrint's expectations with regard thereto or any change in events, conditions, or circumstances on which any such statements are based. |
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