GenVault Announces Supply Agreement With Life Technologies
December 09 2009 - 9:00AM
PR Newswire (US)
CARLSBAD, Calif., Dec. 9 /PRNewswire/ -- GenVault Corporation
(Carlsbad, CA) today announces a supply and resale agreement with
Life Technologies Corporation (NASDAQ:LIFE), under which Life
Technologies will have non-exclusive access to GenTegra(TM) DNA
technology. This technology platform comes in several formats that
are consistent with Life Technologies' on-going efforts to promote
the development and delivery of products in ways that help to
protect and preserve the environment. "We are very pleased with
Life Technologies' decision to adopt the GenTegra(TM) DNA
technology platform," said Dr. David Wellis, President and CEO of
GenVault Corporation. "By adopting the GenTegra(TM) DNA technology
platform, we will be able to store and transport purified DNA from
several of our products as well as make this technology available
for use by our customers," said Nathan Wood, Vice President,
Genomic Technologies, at Life Technologies Corporation. "This
technology allows us to eliminate much of the waste associated with
these processes, which promotes a safer and cleaner environment."
Since its introduction in 2008, GenTegra(TM) DNA has been
extensively tested and validated by scientists around the world.
The major advantages of using GenTegra DNA for storage and
transport of purified DNA at ambient temperature include the
reduction of the cost, waste and complexity associated with
conventional dry ice shipments and freezer storage. In addition,
the elimination of multiple freeze/thaw cycles for samples which
are accessed frequently also helps ensure the continued integrity
of the DNA samples and generates more accurate data in downstream
applications. "Environmental sustainability is a key focus for us.
Life Technologies' decision to adopt GenVault's GenTegra(TM) DNA to
improve their internal and customer efficiencies will change the
way DNA is managed in the future," said Dr. Wellis. "This
announcement is tangible evidence of our success in moving GenVault
squarely into the center of the much larger biosample
stabilization, storage and transport markets. We look forward to
extending the reach of our GenTegra(TM) technology platform into
additional markets, formats and applications, including RNA in the
fourth quarter of 2009," continued Dr. Wellis. About GenVault
GenVault is the global leader in providing risk free biosample
workflow, transport, and storage solutions for genomic medicine,
discovery and identification. Today, GenVault is empowering
pharmaceutical companies, medical centers, academic institutions
and law enforcement agencies to more fully leverage the rapidly
growing genomics industry. As a scalable, reliable and
environmentally friendly alternative to traditional freezers and
DNA purification systems, the company's dry-state platform enables
the extraction, preservation, recovery, and distribution of
biosamples at ambient temperature. Future systems will also
accommodate proteins and RNA to provide a comprehensive solution.
From GenPlates to the Dynamic Archive, GenVault is continuously
developing and refining best practices biosample management and
preservation. For more information visit GenVault at
http://www.genvault.com/. Available Topic Expert(s): For
information on the listed expert(s), click appropriate link. David
Wellis, Ph.D
http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=91851
CONTACT: David Wellis, Ph.D. President & CEO (760) 268-5214
DATASOURCE: GenVault Corporation CONTACT: David Wellis, Ph.D.,
President & CEO of GenVault Corporation, +1-760-268-5214, Web
Site: http://www.genvault.com/
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