Affymetrix and Abbott Enter Into Licensing Agreement
April 05 2006 - 8:00AM
Business Wire
Affymetrix Inc. (Nasdaq:AFFX) announced today that Abbott
Molecular, a division of Abbott, has obtained a non-exclusive,
worldwide license to a number of Affymetrix patents that will allow
it to manufacture and sell comparative genomic hybridization (CGH)
microarrays, related readers and software in the research and
diagnostics field. Details of the license were not disclosed. About
Affymetrix: Affymetrix scientists invented the world's first
microarray in 1989 and began selling the first commercial
microarray in 1994. Since then, Affymetrix GeneChip(R) technology
has become the industry standard in molecular biology research.
Affymetrix technology is used by the world's top pharmaceutical,
diagnostic and biotechnology companies as well as leading academic,
government and not-for-profit research institutes. More than 1,400
systems have been installed around the world and nearly 4,000
peer-reviewed papers have been published using the technology.
Affymetrix' patented photolithographic manufacturing process
provides the most information capacity available today on an array,
enabling researchers to use a whole-genome approach to analyzing
the relationship between genetics and health. Affymetrix is
headquartered in Santa Clara, Calif., with subsidiaries in Europe
and Asia, as well as manufacturing facilities in Sacramento,
Calif., and Bedford, Mass. The company has about 1,000 employees
worldwide. For more information about Affymetrix, please visit the
company's Web site at www.Affymetrix.com. All statements in this
press release that are not historical are "forward-looking
statements" within the meaning of Section 21E of the Securities
Exchange Act as amended, including statements regarding Affymetrix'
"expectations," "beliefs," "hopes," "intentions," "strategies," or
the like. Such statements are subject to risks and uncertainties
that could cause actual results to differ materially for Affymetrix
from those projected, including, but not limited to: risks of the
Company's ability to achieve and sustain higher levels of revenue,
higher gross margins, reduced operating expenses; uncertainties
relating to technological approaches, manufacturing (including
risks related to the Company's ability to achieve hoped-for
manufacturing yields for certain array products, including the
ability to identify and resolve manufacturing problems), product
development ( including uncertainties relating to commercial
success of the licensing agreement with Abbott Molecular discussed
in this press release); personnel retention; uncertainties related
to cost and pricing of Affymetrix products; dependence on
collaborative partners; uncertainties relating to sole source
suppliers; uncertainties relating to FDA and other regulatory
approvals; competition; risks relating to intellectual property of
others and the uncertainties of patent protection and litigation.
These and other risk factors are discussed in Affymetrix' Form 10-K
for the year ended December 31, 2005, and other SEC reports,
including its Quarterly Reports on Form 10-Q for subsequent
quarterly periods. Affymetrix 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 Affymetrix' expectations with regard thereto or any change in
events, conditions or circumstances on which any such statements
are based. NOTE: Affymetrix, the Affymetrix logo and GeneChip are
registered trademarks owned or used by Affymetrix Inc.
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