GeneDetect Announces Intention to Divest Popular Branded GeneDetect(R) and GreenStar Hyperlabeled Gene Probe Product Ranges.AUCKLAND, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. -- GeneDetect (Bradenton, Florida Bradenton is a city in Manatee County, Florida, United States. The U.S. Census Bureau estimated the city's 2006 population at 53,986.[3] Bradenton is the largest Principal City of the Sarasota-Bradenton-Venice, Florida Metropolitan Statistical Area, which had a 2006 and Auckland, New Zealand), a leading supplier of products and services to academic and government research institutions as well as pharmaceutical and biotechnology companies Top 100 Biotechnology Companies The following is a list of the top 100 biotechnology companies ranked by revenue. The first nine companies qualify for the list of the top 50 pharmaceutical companies. , announced today that it plans to divest its branded GeneDetect(R) and GreenStar hyperlabeled gene probe product ranges to allow the company to pursue alternative strategic opportunities. The company expects the deal to be completed early 2007. The popular branded GeneDetect(R) and GreenStar hyperlabeled gene probe product ranges are used to measure gene expression in tissue samples. Completion of the Human genome The human genome is the genome of Homo sapiens, which is composed of 24 distinct pairs of chromosomes (22 autosomal + X + Y) with a total of approximately 3 billion DNA base pairs containing an estimated 20,000–25,000 genes. project, whose goal was to identify every Human gene, and similar sequencing efforts in other species such as the Mouse have lead to an increase in the need for sensitive gene probes to detect tissue gene expression. These gene expression studies attempt to further understand Human disease and to develop therapeutics to treat these diseases. The GeneDetect(R) and GreenStar hyperlabeled gene probe product ranges are used worldwide everyday by researchers in leading research institutes and companies for this purpose. "These two brands represent high margin, stand alone, differentiable dif·fer·en·tia·ble adj. 1. That can be differentiated: differentiable species. 2. Mathematics Possessing a derivative. product ranges ready-made for addition to any acquiring company's existing product portfolio," said GeneDetect Chairman and Chief Executive Officer Dr. Paul E Hughes. "We believe there will be widespread interest in the tender process. We intend to use net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from this sale to develop other products that will drive our company's long-term growth." Interested parties can register their interest in participating in the tender process by downloading and completing the registration of interest package at the company's website. http://www.genedetect.com/registration_of_interest.htm The closing date for tenders is December 31, 2006. About GeneDetect GeneDetect is a privately owned bioscience company with offices located in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. (Bradenton, Florida) and the Asia-Pacific region (Auckland, New Zealand). We develop, manufacture and market more than 4,000 products for the life sciences market. The company is globally focused with customers in over 40 countries and uses cutting edge e-commerce functionality to allow scientists worldwide to order its products online. Real-time pricing in multiple currencies, multi-currency billing, real-time credit card processing and a specialized ability to ship perishable goods PERISHABLE GOODS, Goods which are lessened in value and become worse by being kept. Vide Bona Peritura. to any location on the planet within 96 hours ensures a global customer base. |
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