Nanostream to Become Service Provider in Assay Depot's Internet Marketplace.--Assay Depot to Offer Nanostream Assay Services Online--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. & PASADENA, Calif. -- Assay Depot, an Internet marketplace See vertical portal and Web hub. for drug discovery services See service discovery. , today announced that Nanostream, provider of products and services to increase productivity in laboratories at pharmaceutical and biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. companies, will join the company's service provider network. As a service provider, Nanostream's assay services will be available for scientists to order online via Assay Depot's website. Designed for optimum ease-of-use and flexibility, the marketplace enables customers to select the desired assay with a few mouse clicks, mail their test sample, and receive a full data report from Assay Depot a few weeks later. Assay Depot's online marketplace will include multiple service providers offering a wide range of drug discovery research services. Nanostream has assembled a team of world-class application scientists with deep expertise in the development of biochemical assays. By employing a separation-based approach to assay development, Nanostream has successfully developed challenging assays for kinases, lipid-modifying enzymes, proteases, and cytochrome cytochrome (sī`təkrōm'), protein containing heme (see coenzyme) that participates in the phase of biochemical respiration called oxidative phosphorylation. P450 enzymes. Nanostream's technology offers a low frequency of false positives that result in reduced timelines and lower project costs. "Bioassay Bioassay A method for the quantitation of the effects on a biological system by its exposure to a substance, as well as the quantitation of the concentration of a substance by some observable effect on a biological system. support has increasingly become too labor-intensive and too time-consuming for drug discovery organizations, which has led researchers to outsource this costly function," said Jonas Ekblom, COO, Nanostream. "Assay Depot provides a virtual laboratory where researchers can conduct their drug discovery programs with the click of a button. With its unique business model, Assay Depot streamlines the process for the customer and the service provider. We are excited to be a part of this ground-breaking, online marketplace, which is well-positioned to redefine Verb 1. redefine - give a new or different definition to; "She redefined his duties" define, delimit, delimitate, delineate, specify - determine the essential quality of 2. how drug discovery is done." "Nanostream has proven success in rapidly developing assays for leading pharmaceutical companies. Their unique technology platform affords robust, high quality data and has the ability to offer label-free assay formats," said Kevin Lustig, 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. & President, Assay Depot. "Together, we hope to improve productivity for researchers by providing them with the comprehensive assay data they need to make better decisions earlier in the drug discovery process." Last week, Assay Depot announced that the company has secured $1.8 million in Series A financing. Assay Depot will use the financing to launch its online marketplace in early 2008. About Nanostream Nanostream provides products and services to increase productivity in laboratories at pharmaceutical and biotech companies. Based on micro parallel liquid chromatography chromatography (krō'mətŏg`rəfē), resolution of a chemical mixture into its component compounds by passing it through a system that retards each compound to a varying degree; a system capable of accomplishing this is called a , Nanostream products are designed to integrate with existing workflows. Nanostream products enable assay development and detection, high-throughput liquid chromatography and sample preparation. Four of the top ten U.S. pharmaceutical companies have adopted Nanostream's micro parallel liquid chromatography technology to extend their assay development and screening capabilities. Founded in 1999, Nanostream is headquartered in Pasadena, CA and maintains a worldwide customer base. More information about the company is available at www.nanostream.com. About Assay Depot Assay Depot is an Internet marketplace for the pharmaceutical services industry. By acting as a single point of contact between drug researchers and research service providers, the marketplace dramatically improves the efficiency of the drug discovery process and ultimately helps deliver better and safer drugs to market. Assay Depot is privately owned, with its headquarters in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. . It can be found on the web at www.assaydepot.com. "Nanostream" and "Brio (Brio Technology, Palo Alto, CA, www.brio.com) A software company founded in 1989 and acquired by Hyperion Solutions Corporation in 2003 that specialized in enterprise analysis and reporting programs that run on several platforms. " are registered trademarks of Nanostream, Inc. "Nanostream CL," "Nanostream CX," and "Nanostream LD" are trademarks of Nanostream, Inc. |
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