ENDOTRONICS, INC. SIGNS AGREEMENT WITH GOODWIN INSTITUTE FOR CANCER RESEARCH INC. TO EXPAND CONTRACT PRODUCTION SERVICES
ENDOTRONICS, INC. SIGNS AGREEMENT WITH GOODWIN INSTITUTE FOR CANCER
RESEARCH INC. TO EXPAND CONTRACT PRODUCTION SERVICES
MINNEAPOLIS, Nov. 14 /PRNewswire/ -- Endotronics, Inc. (NASDAQ: ENDO) announced that it has signed a marketing and production agreement with Goodwin Institute for Cancer Research Inc. (GICR) to expand its cGMP production services to provide contract production for therapeutic products.
Endotronics currently offers cGMP production services for diagnostic and research products. The GICR will provide to Endotronics' customers therapeutic contract production services utilizing Endotronics' ACUSYST(R) technology and will comply with the Food and Drug Administration's current Good Manufacturing Practice guidelines.
"This agreement enables Endotronics to offer both therapeutic and diagnostic contract production services to our customer base, and more importantly, provides access to our ACUSYST technology through Goodwin Institute for Cancer Research to all the companies producing products from mammalian cells," said Richard E. Sakowicz, president of Endotronics. "This is one more step toward Endotronics becoming a full- service supplier to the bioprocessing industry."
The Goodwin Institute for Cancer Research, based in Plantation, Fla., conducts basic experimental research and offers biotechnology services in the areas of immunology, tumor biology and virology.
Endotronics, Inc., headquartered in Minneapolis, is a recognized industry leader in hollow fiber cell culture instrumentation. The company's products and services are used by biotechnology, pharmaceutical, diagnostic companies and research centers worldwide for production of mammalian cell-derived human health-care products.
/CONTACT: Yvonne L. Marschner-Bova of Endotronics, 313-871-7350/
(ENDO) CO: Endotronics, Inc.; Goodwin Institute for Cancer Research Inc. ST: Minnesota, Florida IN: MTC SU: CON SB -- DE011 -- 4356 11/14/91 10:57 EST