LabCorp to Use Affymetrix Technology for Molecular Cytogenetic Service Offering
January 28 2008 - 8:00AM
Business Wire
Affymetrix Inc. (Nasdaq:AFFX) announced today that its GeneChip�
technology will form the foundation of the new molecular
cytogenetic service offering by Laboratory Corporation of America�
Holdings (LabCorp�) (NYSE:LH). LabCorp, an industry leader in
molecular diagnostic testing, is making the service available to
customers across the United States. The new LabCorp cytogenetic
service will correlate deletions, gains and other chromosomal
rearrangements with congenital diseases such as autism, mental
retardation and developmental delay in children. The Affymetrix
genotyping technology was designed to measure genotype, copy number
changes and loss of heterozygosity (LOH) information across the
entire genome, enabling customers to discover more causative
aberrations than with karyotype or FISH technologies. �This new
testing based on the Affymetrix platform will offer unparalleled
resolution for the detection of the etiology of mental retardation,
developmental delay, autism and other clinically significant
changes and underscores LabCorp�s commitment to providing
physicians and patients with the highest-quality technology
advances to meet their clinical needs,� said Myla Lai-Goldman,
M.D., executive vice president, chief scientific officer and
medical director of LabCorp. �Affymetrix is pleased to partner with
LabCorp to demonstrate how our GeneChip technology can improve
cytogenetic analysis,� said Ramsey Hashem, senior vice president of
global commercial operations at Affymetrix. �We believe the
Affymetrix platform is uniquely positioned to become the
gold-standard tool in cytogenetic analysis because it provides a
higher-resolution view of the entire genome, enabling customers to
examine genetic variation frequently associated with congenital
diseases.� About LabCorp Laboratory Corporation of America�
Holdings, a S&P 500 company, is a pioneer in commercializing
new diagnostic technologies and the first in its industry to
embrace genomic testing. With annual revenues of $3.6 billion in
2006, over 25,000 employees nationwide, and more than 220,000
clients, LabCorp offers clinical assays ranging from routine blood
analyses to HIV and genomic testing. LabCorp combines its expertise
in innovative clinical testing technology with its Centers of
Excellence: The Center for Molecular Biology and Pathology,
National Genetics Institute, Inc., ViroMed Laboratories, Inc., The
Center for Esoteric Testing, DIANON Systems, Inc., US LABS,
Esoterix and its Colorado Coagulation, Endocrine Sciences, and
Cytometry Associates laboratories. LabCorp conducts clinical trial
testing through its Esoterix Clinical Trials Services division.
LabCorp clients include physicians, government agencies, managed
care organizations, hospitals, clinical labs and pharmaceutical
companies. To learn more about LabCorp, please visit:
www.labcorp.com. Each of the above forward-looking statements is
subject to change based on various important factors, including
without limitation, competitive actions in the marketplace and
adverse actions of governmental and other third-party payors.
Actual results could differ materially from those suggested by
these forward-looking statements. Further information on potential
factors that could affect LabCorp�s financial results is included
in the Company�s Form 10-K for the year ended December 31, 2006,
and subsequent SEC filings. About Affymetrix Affymetrix GeneChip�
microarray technology is the industry-standard tool for analyzing
complex genetic information. After inventing microarray technology
in the late 1980s, Affymetrix scientists have been dedicated to
developing innovative products that provide researchers with a more
complete view of the genome. These products continue to accelerate
genetic research and enable scientists to develop diagnostics and
tailor treatments for individual patients by identifying and
measuring the genetic information associated with complex diseases.
Today, 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 1,600 systems have been shipped around the
world and more than 10,500 peer-reviewed papers have been published
using the technology. Affymetrix is headquartered in Santa Clara,
Calif., and has manufacturing facilities in Sacramento, Calif., and
Singapore. The company has about 1,100 employees worldwide and
maintains sales and distribution operations across Europe and Asia.
For more information about Affymetrix, please visit:
www.affymetrix.com. Forward-looking Statements 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 and
uncertainties relating to the agreement with Laboratory Corporation
of America� Holdings discussed in this press release; risks of the
company�s ability to achieve and sustain higher levels of revenue,
higher gross margins and reduced operating expenses; uncertainties
related to technological approaches, manufacturing and product
development; personnel retention; uncertainties related to cost and
pricing of Affymetrix products; dependence on collaborative
partners; uncertainties related to sole-source suppliers; risks
associated with acquisitions; 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,
2006, 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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