October 8, 2004
Icoria, Inc. (NASDAQ: ICOR), a biotechnology company,
announced today that Agilent
Technologies has been approved by the National Institute of
Standards and Technology (NIST) Advanced Technology Program
(ATP) to partner with Icoria in its continuing work on an $11.7
million ATP grant. The grant was originally awarded in June of
2002 to Icoria and its initial partner, LION bioscience AG, but
LION has since withdrawn from participation and has now been
replaced by Agilent. The grant remains the largest ever awarded
by the ATP in the area of bioinformatics. The goal of this grant
is to support the development of a Target Assessment
Technologies Suite (TATS) for the improved discovery and
validation of targets for product development in the
pharmaceutical and life sciences.
In addition to substantial
capabilities in software engineering and commercialization,
Agilent brings to the agreement a data association framework
called Agilent Synapsia Informatics Workbench that provides
scientists with the ability to better understand and utilize
vast amounts of genomic, proteomic, toxicologic, and drug
efficacy data. The framework will be further enhanced to support
integrated biological research with funding from this grant.
Agilent’s software development capabilities match well with
Icoria’s systems biology measurement technologies and data
coherence analysis platform to address the goals of this grant,
including the development of a commercializable software
product.
“This agreement expands our
long-standing relationship with Agilent and not only provides
superior technology in the form of systems biology informatics
tools, but adds commercialization potential that was not
previously present,” said Thomas J. Colatsky, Ph.D., Vice
President of Human Health Research at Icoria. “We look forward
to working with Agilent in the ongoing development of important
new technologies that enable scientists to gain greater insight
into the development of safer and more effective medications.”
“This grant is a true validation
of the substantial scope of our software development
capabilities,” said Fran DiNuzzo, Vice President of Integrated
Biology Solutions at Agilent Technologies. “Our solutions are
already being used for target validation within life science
companies, and we look forward to extending and enhancing these
capabilities with the support of NIST. Additionally, we are
pleased, once again, to be working with Icoria, whose systems
biology approach is an excellent complement to our strategy and
technologies.”
In conjunction with the ATP grant,
Icoria has successfully completed the first technical milestone
objective associated with this grant. The completed milestone
was for the development, validation, and analysis of a coherent
data set, the first of three to be developed under the grant.
The data set is based on Icoria’s investigation of liver injury
in rats induced by acetaminophen, a common pain reliever. This
work also involved the discovery of biomarkers indicative of
hepatoxicity (liver toxicity).
In addition, Icoria announced that
Dr. Imran Shah, Head of the Company's Computational Systems
Biology group, would be the principal investigator in support of
this ATP grant. Dr. Shah has ten years of experience in
computational biology on novel methods understanding enzymatic
functions and biochemical pathways. Prior to joining Icoria, Dr.
Shah was on the faculty of the School of Medicine, University of
Colorado, in Denver. He was the Principal Investigator on
federally sponsored research grants regarding the computational
inference of gene function and biological networks. He was also
the co-founder and Director of the first Doctoral Program in
Bioinformatics at the University of Colorado.
Icoria is a biotechnology
company applying its proprietary systems biology platform to the
discovery and development of safer, more effective drugs and
agrichemicals. Icoria, formerly known as Paradigm Genetics, has
major collaborations with the National Institute of
Environmental Health Sciences, Bayer CropScience, the Monsanto
Company, Pioneer Hi-Bred International (a subsidiary of DuPont),
the National Institute of Standards & Technology's Advanced
Technology Program, and L'Oréal Inc. |