DNAPrint genomics Upgrades Genotyping Platform
July 12 2005 - 8:00AM
PR Newswire (US)
DNAPrint genomics Upgrades Genotyping Platform SARASOTA, Fla., July
12 /PRNewswire-FirstCall/ -- DNAPrint genomics, Inc. (OTC:DNAG)
(BULLETIN BOARD: DNAG) today announced an upgrade in the throughput
and cost efficiency of its automated Beckman Coulter GenomeLab
SNPstream genotyping platform. Beckman Coulter, which manufactures
laboratory instrument systems for diagnostic tests and biological
research, upgraded DNAPrint's SNPstream Ultra High Throughput (UHT)
instrument from 12-plex to 48-plex capability, allowing for an
approximate four-fold increase in throughput, or the rate at which
it can read DNA sequences. The instrument reads DNA sequence from
microarray slides (so-called DNA chips) containing about 18,000
nanospots. Since the upgrade in capability does not require
commensurate increases in labor, the Company expects to enjoy a
significant reduction in price per genotype. The upgrade was part
of a planned expansion of DNAPrint's laboratory size, presence and
capabilities as the Company grows to handle larger numbers of drug
and diagnostics development projects. "The upgrade will generate
cost savings for the Company, a portion of which will be passed on
to our clients," said Richard Gabriel, President and Chief
Executive Officer of DNAPrint genomics. "We continue to improve our
operations to meet the growing demand we are experiencing, not just
in our internal research and development projects, but also in
customer sales in Forensics, Ancestry and Genotyping services as
well." About DNAPrint genomics, Inc. DNAPrint genomics, Inc. (
http://www.dnaprint.com/ ) is a developer of genomics-based
products and services focused on drug development, pharmacogenomic
diagnostic tests, forensics technology and consumer genetic tests.
The Company's first theranostic product (drug/test combination) is
PT- 401, a "Super EPO" (erythropoietin) dimer protein drug for
treatment of anemia in renal dialysis patients (end stage renal
disease). Currently in pre- clinical development, PT-401 will be
targeted to patients with a genetic profile indicating their
propensity to have the best clinical response. Forward-Looking
Statements All statements in this press release that are not
historical are forward- looking statements. Such statements are
subject to risks and uncertainties that could cause actual results
to differ materially from those projected, including, but not
limited to, uncertainties relating to technologies, product
development, manufacturing, market acceptance, cost and pricing of
DNAPrint's products, dependence on collaborations and partners,
regulatory approvals, competition, intellectual property of others,
and patent protection and litigation. DNAPrint genomics, Inc.
expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any forward- looking
statements contained herein to reflect any change in DNAPrint's
expectations with regard thereto or any change in events,
conditions, or circumstances on which any such statements are
based. Company Contact: Richard Gabriel CEO and President 941
336-3400 -or- Ron Stabiner The Wall Street Group, Inc. 212-888-4848
DATASOURCE: DNAPrint genomics CONTACT: Richard Gabriel, CEO and
President, DNAPrint genomics, +1-941-336-3400; or Ron Stabiner, The
Wall Street Group, Inc., +1-212-888-4848, for DNAPrint genomics Web
site: http://www.dnaprint.com/
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