Large Scale Biology Corporation Accelerates Proteomics Facilities; Expansion Expediting Partnered and Proprietary Programs.Business & Medical Editors VACAVILLE, Calif.--(BW HealthWire)--Dec. 7, 2000 Large Scale Biology Corporation (Nasdaq:LSBC LSBC Law Society of British Columbia LSBC Large Scale Biology Corporation LSBC Lone Star Bulldog Club LSBC Lasalle & Bureau County Railroad Company LSBC Lifesaver for Babies and Children (St John Ambulance, UK) LSBC Lone Star Bit Company ) today announced that the company's build-out of its new 53,000 sq ft proteomics facility in Germantown, MD is expected to be completed during the first quarter of 2001. Robert Erwin, 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 LSBC, stated that "the new facility will greatly enhance the company's proteomics capabilities, and establish the world's most highly automated center dedicated to quantitative proteomics The aim of quantitative proteomics is to obtain quantitative information about all proteins in a sample. Rather than just providing lists of proteins identified in a certain sample, quantitative proteomics yields information about differences between samples. ." Mr. Erwin commented, "Proteomics is core to the discovery of breakthrough drug targets and disease markers for our partners, as well as to our internal development plans. LSBC has pioneered the development and application of many of the tools that are now considered state-of-the art in the industry, including the automated ProGEx(TM) system. With the new facility, we will link our high-throughput quantitative proteomics with our proprietary gene function discovery and protein manufacturing technologies. We expect this expansion to accelerate our development of technologies and products for personalized medicine Dr. Leigh Anderson, President of LSBC's proteomics subsidiary, noted, "Our robotic system robotic system An integrated system of devices that automate production and manufacturing of goods and services Surgery An AI-based surgical assistant system, which processes sensory input from haptic interfaces and/or allows surgeons to act with more accuracy than , known as ProGEx, places us at the forefront of protein marker and target discovery, providing one million protein measurements per week with enhanced resolution See interpolated resolution. , quantitative accuracy and reproducibility. By the end of this year, we will have successfully completed the first version of the Human Protein Index(TM) (HPI HPI abbr. history of present illness (TM)), the protein equivalent of the human genome sequence. In the new facility, we will further extend the ProGEx platform and use it to create innovative new database products for disease and drug effects, both areas of vital interest to the pharmaceutical industry." Thermo Finnegan will provide ion trap mass spectrometry mass spectrometry or mass spectroscopy Analytic technique by which chemical substances are identified by sorting gaseous ions by mass using electric and magnetic fields. (MS) systems and Brucker Daltonics Inc. will provide MALDI MALDI Matrix-Assisted Laser Desorption/Ionization MS systems for high throughput processing. "Our MS facility will provide the industrial scale data output required to meet personalized medicine's demand for unique protein drug targets, therapeutics and diagnostics," commented Dr. Anderson. LSBC is an industry leader in identifying and characterizing proteins in all types of biological samples for the discovery and development of new and more effective disease diagnostics, therapeutics, vaccines and agricultural products. LSBC has pioneered the development and application of many of the tools that are now considered state-of-the-art in genomics and proteomics. Corporate offices and the genomics and antigenics divisions are headquartered in Vacaville, California, and our proteomics subsidiary is located in Rockville and Germantown, MD. LSBC's bioprocessing and protein manufacturing facilities are located in Owensboro, KY. For more information about LSBC, visit our website at www.lsbc.com. This release may contain forward-looking statements 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. Such forward-looking statements are based on our current plans, expectations, estimates, and projections and management's beliefs about our future performance. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates" or variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to risks and uncertainties that are difficult to predict and which may cause our actual results and performance to differ materially from those expressed or forecasted in any such forward-looking statements. For a further list and description of such risks and uncertainties see the reports filed by LSBC with the Securities Exchange Commission. Unless required by law, LSBC undertakes no obligation to update publicly any forward-looking statements. |
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