Invitrogen Signs License for Cell Lines Useful in Drug Discovery; Cell Lines Will be Adapted to Serum-Free Media to Simplify Research and Bioproduction.Business Editors & Health/Medical Writers BIOWIRE2K SAN DIEGO--(BW HealthWire)--May 21, 2002 The Gibco Cell Culture division of Invitrogen Corp. (Nasdaq:IVGN) today announced that Invitrogen has signed a licensing agreement with Lawrence Chasin and Gail Urlaub Chasin of Columbia University Columbia University, mainly in New York City; founded 1754 as King's College by grant of King George II; first college in New York City, fifth oldest in the United States; one of the eight Ivy League institutions. for specific Chinese Hamster The Chinese Hamster is a species of hamster, scientific names Cricetulus griseus, which originates in the deserts of northern China and Mongolia. These animals grow to between 7.5 and 9 cm in length and as adults can weigh 50-75 grams. Ovary ovary, ductless gland of the female in which the ova (female reproductive cells) are produced. In vertebrate animals the ovary also secretes the sex hormones estrogen and progesterone, which control the development of the sexual organs and the secondary sexual (CHO CHO Carbohydrate (chemical formla Carbon Hydrogen Oxygen) CHO Chinese Hamster Ovary CHO Chemical Hygiene Officer CHO Chief Health Officer (corporate title) ) cell lines useful in drug discovery research and in the bioproduction of therapeutic proteins. To further increase their utility, Invitrogen's Gibco Cell Culture division will adapt the cell lines to serum-free media, eliminating the need for animal-derived products and saving customers a significant amount of time and effort. "Using serum-free media in research and bioproduction is critical for our drug discovery customers," said Vic Nole, president of Invitrogen's Cell Culture division. "However, some cell lines are difficult to adapt to serum-free cell culture conditions and require several months of additional research time. By pre-adapting these cells to our serum-free, chemically defined (CD) CHO Medium, we can save our drug discovery and bioproduction researchers weeks or months of time and effort." CHO cells are a popular mammalian mammalian emanating from or pertaining to mammals. cell line for both research and bioproduction because they grow well and produce high yields of well-functioning protein in either research or therapeutic applications. The cell lines licensed from Dr. Chasin are dhfr (dihydrofolate reductase dihydrofolate reductase enzyme catalyzing the conversion of folate to 5,6,7,8-tetrahydrofolate, which is the key carrier of one-carbon units in purine and pyridime synthesis, the pathway for the breakdown of histidine and the synthesis of S-adenosylmethionine from S ) negative, which can be used in conjunction with a gene of interest to produce high yields of the protein under study, either in research applications or for the commercial production of proteins. "Many researchers and commercial customers are already familiar with dhfr negative CHO cells, but may not be using them for drug discovery or bioproduction because they have been difficult to adapt to serum-free cell culture conditions," remarked Nole. "Providing the cells pre-adapted, together with our CD CHO Medium, will offer them a user-friendly, time-saving solution. Better solutions are what our customers need -- and what Invitrogen is well-known for providing." The license Dr. Chasin has granted to Invitrogen covers the sale of dhfr negative CHO cells for research use only. However, the license does not govern the sale of media used to maintain and grow those cells, either for research or bioproduction applications, and Invitrogen expects its customers to use the same Invitrogen media to which the dhfr negative CHO cells have been adapted. Many of Invitrogen's customers wishing to use the dhfr negative CHO cells in commercial bioproduction applications already have licenses from Dr. Chasin for that purpose. About Invitrogen Invitrogen Corp. develops, manufactures and markets research tools in kit form and provides other research products and services to biotechnology and biopharmaceutical researchers and companies worldwide. The company manufactures and markets thousands of products and services that simplify and improve gene cloning cloning: see clone. To make a product that functions like another. See clone. See also cloning software. , gene expression and gene analysis techniques for corporate, academic and government entities. Under the Gibco(TM) brand, Invitrogen is the leading supplier of cell culture products, services and technologies for research and biopharmaceutical manufacturing. Invitrogen also engages in technology licensing, research services, large-scale production, and life science technical expertise and support. Founded in 1987, Invitrogen is headquartered in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , and has operations in more than 20 countries and distributor relationships in 40 more. The company employs approximately 2,700 people worldwide. For more information about Invitrogen Corp., please visit the Web site at www.invitrogen.com. Certain statements contained in this press release are considered "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of 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, and it is Invitrogen's intent that such statements be protected by the 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. created thereby. Such statements include, but are not limited to, statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc : 1) the utility or timesaving time·sav·ing adj. Serving to save time through an efficient method or a shorter route; expeditious. time nature of CHO cells in drug discovery research or bioproduction; 2) that Invitrogen's cell line will save research significant time or improve their drug discovery efforts with new cell lines, media, or other products, and 3) that Invitrogen's customers will purchase Invitrogen media to grow dhfr CHO cells. Such forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to: a) continued customer interest in the use of CHO cells for drug discovery, b) Invitrogen's ability to develop and market the new cell line, media, and related products effectively, c) whether a competitor may develop media that competes with the media Invitrogen has used in adapting the dhfr CHO cells, as well as other risks and uncertainties detailed from time to time in Invitrogen's Securities and Exchange Commission filings. |
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