Research Triangle Park, North
Carolina
March 26, 2003
Paradigm Genetics,
Inc. (NASDAQ: PDGM) today announced the launch of a gene
expression microarray services business. This new business
builds on the company's expertise in DNA microarray processing
and data analysis, which was validated last fall with the
signing of a
$23.8 million toxicogenomics contract with the National
Institute of Environmental Health Sciences. For that contract,
Paradigm will process thousands of DNA microarrays through its
gene expression
profiling platform.
To support the start-up of its microarray services business,
Paradigm also announced today that it had entered into a
co-marketing agreement with Agilent Technologies. Under the
terms of the agreement, Paradigm will be a preferred service
provider for Agilent's DNA microarray products. Agilent's sales
force will provide referrals to Paradigm of its gene expression
customers interested in outsourcing their microarray research.
"This microarray services business is a natural outgrowth of our
expertise in gene-expression profiling, evidenced by our work
for NIEHS," said Heinrich Gugger, Ph.D., president and CEO of
Paradigm Genetics. "We're already providing microarray services
for the federal government, and it's the logical next step to
extend those services to meet the demand of the larger
marketplace. We are now
launching a microarray services business, leveraging Agilent's
technologies and referrals, which we expect will become a source
of immediate revenues for Paradigm."
According to Kalorama Information, a leader in worldwide
business intelligence and syndicated market research in life
sciences, the total U.S. market for the DNA microarray business
is expected to
exceed $1 billion per year by 2007. The company anticipates
future customers to include academic laboratories as well as
biotechnology, pharmaceutical and agrochemical companies.
Additional information on Paradigm's DNA microarray services can
be found by visiting
www.paradigmgenetics.com/gene_expression/ge_microarray.asp.
Paradigm Genetics is a
biotechnology company aiming to increase R&D productivity by
focusing its integrated suite of technologies on the product
development cycle, from target discovery to subsequent
enhancement of the safety and efficacy profiles of development
candidates in agriculture and human health. Paradigm chooses a
systems biology approach to understand gene function in the
context of biological pathways, to develop assays and biomarkers
for molecular diagnostic solutions tailored to the needs of our
partners.
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