Large Scale Biology Corporation Initiates Further Step to Product Focus.Business Editors/Health/Medical Writers VACAVILLE, Calif.--(BUSINESS WIRE)--Nov. 14, 2003 In a further step to change its corporate focus, 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 ) announced it would re-evaluate its fee-for-service proteomic contract research. Kevin J. Ryan, LSBC President, said, "As announced in April 2003, a re-evaluation of our 2Dimensional gel fee-for-service proteomic research business with the potential for attendant cost reduction is entirely consistent with our previously articulated ar·tic·u·la·ted adj. Characterized by or having articulations; jointed. strategic shift from platform technologies and contract proteomic research in favor of upon the side of; favorable to; for the advantage of. See also: favor developing and commercializing vaccines and protein-based pharmaceutical products." Though the Company's performance and deliverables under the contract has been in strict conformance con·for·mance n. Conformity. Noun 1. conformance - correspondence in form or appearance conformity agreement, correspondence - compatibility of observations; "there was no agreement between theory and with contract specified research protocols and timetables, discontinuance Cessation; ending; giving up. The discontinuance of a lawsuit, also known as a dismissal or a non-suit, is the voluntary or involuntary termination of an action. DISCONTINUANCE, pleading. A chasm or interruption in the pleading. 2. of the contract was for the stated convenience of the Government. Ryan's statement followed the announcement of the conclusion of the toxicoproteomic contract with the NIEHS NIEHS National Institute of Environmental Health Sciences (NIH, DHHS) effective December 15, 2003, after an agreed upon Adj. 1. agreed upon - constituted or contracted by stipulation or agreement; "stipulatory obligations" stipulatory noncontroversial, uncontroversial - not likely to arouse controversy wind-down period. Ryan further stated, "Long-term, proteomic contract research with uniform protocols may make economic sense, but multiple, small and varied contracts, collectively, may not make the best commercial model. Our re-evaluation, he continued, will consider, as well, our internal needs for proteomics pro·te·o·mics n. The analysis of the expression, localization, functions, and interactions of the proteins produced by the genes of an organism. tools in support of LSBC's research and development programs." About Large Scale Biology Corporation Large Scale Biology uses its biomanufacturing, functional genomics Noun 1. functional genomics - the branch of genomics that determines the biological function of the genes and their products genomics - the branch of genetics that studies organisms in terms of their genomes (their full DNA sequences) and proteomics technologies to develop and manufacture drugs and vaccines for effective treatment of disease. Corporate offices, the Genomics Division and Biopharmaceutical Development laboratories are headquartered in Vacaville, Calif.; the Company's Proteomics Division is located in Germantown, Md.; and the Company's commercial-scale biomanufacturing facility is located in Owensboro, Ky. For more information about Large Scale Biology Corporation, visit the Company's website at http://www.lsbc.com/. This release contains 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. about applications for one of LSBC's technologies and the commercialization of such technology. These forward-looking statements involve risks, uncertainties and situations that may cause our actual results to differ materially from those implied by these statements, including our ability to utilize the technology discussed for internal research and development programs, contract proteomics research, our ability and the ability of our collaborators to generate demand for products resulting from utilizing such technology, the effectiveness of our and our collaborators' technologies to produce specific therapeutic products and/or in a cost-effective manner, any difficulties or delays in obtaining regulatory approval to test and market such products, and the requirement of substantial funding for us to preserve our technology base and product pipeline. We cannot guarantee future results. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this release. For a further list and description of such risks and uncertainties see the reports filed by Large Scale Biology Corporation with the Securities and Exchange Commission, including our reports on Forms 10-K and 10-Q. Except as required by law, we do not undertake to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. LSBC(TM) is a trademark of Large Scale Biology Corporation. |
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