Nanobac Pharmaceuticals Merger Partner Eureka to Utilize Best-In-Class Illumina Genome Analyzer Technology at Newly Launched Eur
April 21 2009 - 9:45AM
Marketwired
Nanobac Pharmaceuticals, Inc. (PINKSHEETS: NNBP) and its privately
held merger partner Eureka Genomics, which applies its proprietary
functional genomics platform technology to the analysis of complex
biological systems to enable rapid pathogen analysis, and to inform
the discovery and development of diagnostic, biopharma and
cleantech products, announced that it is launching its first Eureka
Genomics Center in North America.
Eureka plans to open 15 Genomics Centers around the world. The
next three centers are scheduled to open in Southeast Asia, Central
America and Europe, all within 12 months.
"We are very excited to finally provide our customers with a one
stop shop from DNA extraction, sample preparation, Next Generation
Sequencing, post sequencing and advanced bioinformatics analysis,"
said Michael Tippie, vice president of business development for
Eureka Genomics.
For the first four months of 2009, Eureka Genomics has received
over $500,000 in orders for its Next Generation Sequencing and
bioinformatics services, and forecast over $3 million in sales for
the next twelve months. Current customers include pharmaceutical,
biotech and cleantech companies, universities, and U.S. government
national laboratories.
Eureka Genomics has opted to utilize a Genome Analyzer as its
first Next Generation Sequencer. Designed for facilities of all
sizes, the Illumina Genome Analyzer has been adopted across genome
centers worldwide, plus individual research labs, core and service
facilities, and biotechnology and pharmaceutical companies.
About Eureka Genomics
Eureka Genomics is a privately held company that has
commercialized a proprietary Next Generation DNA sequencing data
analysis platform to enable the discovery and development of
next-generation diagnostics, therapeutics, vaccines, and cleantech
products such as bioenergy feedstocks.
Key backing for the development of the firm's proprietary
technology came from the U.S. National Institutes of Health, the
U.S. Department of Homeland Security Science and Technology
Directorate, the Texas Learning and Computational Center, and the
W. M. Keck Foundation.
Eureka has announced its intention to merge with Nanobac
Pharmaceuticals Inc. (PINKSHEETS: NNBP). The Merger Agreement is
subject to significant contingencies, including (1) conversion of
substantially all of Nanobac's debt to equity, by its securities
holders, (2) Nanobac raising $2.35 million of new equity, (3)
Nanobac providing to Eureka its audited financial statements for
the year ended December 31, 2008 and unaudited financial statements
through at least March 31, 2009, satisfactory to Eureka's
management, (4) Nanobac bringing all of its SEC filings current,
and (5) other customary closing requirements.
Eureka is headquartered in Hercules, California and has
operations in Houston, Texas.
Contact: Didier Perez CFO & COO Eureka Genomics 415-269-0666
Email Contact www.eurekagenomics.com Alex Edwards Nanobac
Pharmaceuticals 813-637-2233 Email Contact
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