GeneThera Grants First Right of Refusal to Ante-Mortem Animal Disease Diagnostics.WHEAT RIDGE, Colo. -- GeneThera, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GTHA) has granted Beckman Coulter, Inc. (NYSE NYSE See: New York Stock Exchange :BEC) the first right of refusal to license GeneThera's patented technology for the development of ante-mortem animal diagnostic tests. This is part of a collaboration reached between the two companies allowing GeneThera and Beckman Coulter to share data pertaining to the validation of GeneThera's live animal blood tests for several animal diseases. Dr. Antonio Milici, M.D., Ph.D. commented, "This is a significant milestone for GeneThera. Beckman Coulter is one of the world's leading manufacturers of biomedical testing systems, tests and supplies. Our collaboration will unite the expertise of Beckman Coulter with the cutting edge technology of GeneThera." "We are looking forward to working with GeneThera to identify commercial applications of their technology," stated Chris Neary, General Manager, Prion prion (prī`ŏn), infectious agent thought to cause a group of diseases known as prion diseases or transmissible spongiform encephalopathies. Business Center, Beckman Coulter, Inc. About GeneThera: GeneThera, Inc. is a molecular biotechnology company located in Wheat Ridge, CO. The Company provides genetic diagnostic solutions for the veterinary and agricultural industries with future plans to include the health-care industry. The Company's proprietary diagnostic solution is based on a genetic expression assay, GEA(TM), a protocol designed to function on a highly automated Fluorogenic PCR PCR polymerase chain reaction. PCR abbr. polymerase chain reaction Polymerase chain reaction (PCR) platform. This platform enables GeneThera to offer tests that are presently not available from other technologies. The GEA is designed for a host of individual diseases, the current priority being Chronic Wasting Disease Noun 1. chronic wasting disease - a wildlife disease (akin to bovine spongiform encephalitis) that affects deer and elk animal disease - a disease that typically does not affect human beings , a disease affecting elk and deer in North America; E.Coli 0157:H7 and Johne's Disease, diseases affecting cattle worldwide. Future plans include all infectious disease potentially affecting domesticated do·mes·ti·cate tr.v. do·mes·ti·cat·ed, do·mes·ti·cat·ing, do·mes·ti·cates 1. To cause to feel comfortable at home; make domestic. 2. To adopt or make fit for domestic use or life. 3. a. livestock as well wildlife intended for human consumption, particular priority being given to Mad Cow and Foot & Mouth diseases in cattle. "Safe Harbor" Statement: Certain statements in this release are "forward-looking" statements as defined in 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. Such statements are subject to numerous risks and uncertainties. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, the Company's ability to meet the terms and conditions required to obtain its project financing, risks and delays associated with product development, risk of market acceptance of new products, risk of technology or product obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. , competitive risks, reliance on development partners and the need for additional capital. |
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