09.01.2008 09:00:00
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MetaMorphix and Sequenom Agree to Build on Success
MetaMorphix, Inc. (MMI) and Sequenom, Inc. (NASDAQ:SQNM) today announced
the strengthening of their partnership through MMI’s
adoption of Sequenom’s MassARRAY®
and iPLEX™ foundation technologies, which
provide cost-effective genotyping and enhanced efficiencies.
Sequenom’s leading edge high-throughput
commercial platform for animal DNA screening and selection will allow
MMI to scale up quickly, increasing MMI’s
ability to handle its rapidly increasing sample volumes following MMI’s
successful launches of DNA-based diagnostic products for both the
livestock and companion animal markets. "The
successful market acceptance of MMI’s genomic
products has accelerated our need to produce millions of genotypes per
year,” said Dr. Ed Quattlebaum, CEO and
co-chairman of MetaMorphix, Inc. "Our
Sequenom partnership provides the best enabling technology to meet our
ever increasing customer demands in a timely and efficient manner.”
Sequenom President and CEO, Dr. Harry Stylli, said, "We
are delighted to expand our successful partnership with MMI, which is
using innovative methods to improve livestock quality and developing
products that enhance the health of companion animals. Our MassARRAY
platform provides a synergistic fit for MMI’s
genotyping endeavors as it is highly suitable for cost effective testing
of a large number of DNA samples.”
During 2007, MMI released seed-stock and feedlot management products for
the livestock industry that were the end result of a partnership with
Cargill, an international agricultural and food company. Feedlots owned
by Cargill are currently being outfitted and upgraded to utilize the new
DNA-based management tools that will allow for more economical and
higher quality beef cattle production. Due to the large number of cattle
DNA samples which Cargill will be sending to MMI labs, the
high-throughput and cost effective Sequenom technologies are essential
components of a successful operation. MMI and Sequenom have committed to
an aggressive scale up schedule already underway.
The Canine Heritage Breed™ Test, a product
that uses DNA to genetically determine the breed composition of mixed
breed dogs, was also released in 2007. As demand for the new product is
very high, MMI looks to its partnership with Sequenom to address cost
effective and rapid analysis to appropriately and consistently respond
to consumer demand.
Sequenom is a recognized leader in SNP-based genotyping platforms and
demonstrated low cost, efficient testing and validation. "We
have been very impressed with Sequenom’s
continuous improvements in its core platform technologies since our
initial collaboration in 2005,” added Dr.
Quattlebaum. "This collaboration allows us
early access to the highly efficient technologies allowing us to be
ahead of the curve in offering cost effective products to our customers.” About MetaMorphix, Inc.
MetaMorphix, Inc. is a life sciences company dedicated to discovering
and commercializing multiple technology platforms to improve human and
animal health. The company and its corporate partners are developing
products to substantially increase livestock quality and production
efficiency, to improve companion animal health, and to treat human
muscle degenerative diseases and metabolic disorders utilizing
MetaMorphix’s animal genomics and growth and
differentiation factors (GDFs) technologies. MetaMorphix was founded in
1994; it has headquarters in Beltsville, MD, and lab facilities in
Davis, CA.
MetaMorphix safe harbor: Certain statements in this press
release are forward-looking. These may be identified by the use
of forward-looking words or phrases such as "believe,” "expect,” "intend,” "anticipate,” "should,” "planned,” "estimated,”
and "potential,”
among others. These forward-looking statements are based on
MetaMorphix Inc.’s current expectations. The
Private Securities Litigation Reform Act of 1995 provides a "safe
harbor” for such forward-looking statements. In order to comply with the terms of the safe harbor, MetaMorphix
Inc. notes that a variety of factors could cause actual results and
experience to differ materially from the anticipated results or other
expectations expressed in such forward-looking statements. The
risks and uncertainties that may affect the operations, performance,
development, and results of MetaMorphix Inc.’s
business include but are not limited to; (1) unproven use of scientific
information to develop or commercialize products; and (2) other factors
that might be described from time to time in MetaMorphix Inc.’s
business plan and regulatory filings. About Sequenom
Sequenom is committed to providing the best genetic analysis products
that translate genomic science into superior solutions for biomedical
research, livestock and agricultural applications, molecular medicine,
and non-invasive prenatal testing. Sequenom’s
proprietary MassARRAY system is a high-performance nucleic acid analysis
platform that efficiently and precisely measures the amount of genetic
target material and variations therein. The system is able to deliver
reliable and specific data from complex biological samples and from
genetic target material that is only available in trace amounts.
Sequenom has exclusively licensed intellectual property rights for the
development and commercialization of non-invasive prenatal genetic tests
for use with the MassARRAY system and other platforms.
Sequenom®, iPLEXTM,
and MassARRAY® are
trademarks of Sequenom, Inc.
Sequenom safe harbor: Except for the historical information
contained herein, the matters set forth in this press release, including
statements regarding expectations for and results from the partnership
between Sequenom and MMI, future performance and activities committed to
or planned by Sequenom and MMI including scale up plans, and demand for
MMI’s and Sequenom’s
products, are forward-looking statements within the meaning of
the "safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to risks and uncertainties
that may cause actual results to differ materially, including the risks
and uncertainties associated with the Sequenom’s
operating performance, demand for and market acceptance of the Sequenom’s
products, services, and technologies, new technology and product
development and commercialization, reliance upon the collaborative
efforts of other parties such as MMI, research and development progress,
competition, government regulation, obtaining or maintaining regulatory
approvals, and other risks detailed from time to time in the Sequenom’s
SEC (U.S. Securities and Exchange Commission) filings, including Sequenom’s
Annual Report on Form 10-K for the year ended December 31, 2006 and
other documents subsequently filed with or furnished to the SEC. These
forward-looking statements are based on current information that may
change and you are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. All forward-looking statements are qualified in their
entirety by this cautionary statement, and Sequenom undertakes no
obligation to revise or update any forward-looking statement to reflect
events or circumstances after the issuance of this press release.
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