Fisher HealthCare to Distribute Nanogen Real-Time PCR Products to Clinical Laboratories
09 Agosto 2006 - 4:00PM
PR Newswire (US)
SAN DIEGO, Aug. 9 /PRNewswire-FirstCall/ -- Nanogen, Inc.
(NASDAQ:NGEN), developer of advanced diagnostic products, announced
today that Fisher HealthCare, Inc., a unit of Fisher Scientific
International Inc. (NYSE:FSH), will become the exclusive
distributor of Nanogen's MGB Alert(TM) real-time polymerase chain
reaction (PCR) products in the United States. Fisher will have
exclusive rights to sell and distribute the products to clinical
laboratories. The companies expect that customers will be able to
access the Nanogen products through Fisher in September. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050803/LAW135LOGO) The
real-time PCR analyte specific reagents (ASRs) consist of a growing
line of 12 products, including reagents designed to detect
sequences associated with specific pathogens such as
cytomegalovirus, Epstein-Barr virus, Bordetella pertussis (whooping
cough) and a number of other infectious agents. ASRs are used by
CLIA-certified clinical laboratories or those regulated under VHA
Directive 1106 to perform high complexity testing. The products
will retain the Nanogen MGB Alert(TM) brand and will continue to be
supported by Nanogen's strong technical support team. "Fisher's
extensive sales and distribution networks will allow more customers
convenient access to our extensive PCR real-time product line,"
said Howard C. Birndorf, chairman and CEO of Nanogen. "We expect
the expanded resources to begin making a positive impact on
revenues in the coming quarters." The molecular diagnostics market
is currently approximately $1.5 billion and is estimated to exceed
$3.6 billion in 2010, according to the 2005 Frost & Sullivan
report, Global IVD Market Outlook. MGB Alert products utilize
patented detection chemistry that enables laboratories to develop
multiple assays with universal parameters, increasing the
efficiency and throughput of clinical testing. The super bases
(Super A(TM), Super T(TM), Super G(TM) and Super N(TM)) and minor
groove binder (MGB) technology allow the use of shorter probes with
increased sensitivity to mismatches, which have proved essential
for detecting short, conserved sequences. About Nanogen, Inc.
Nanogen's advanced technologies provide researchers, clinicians and
physicians worldwide with improved methods and tools to predict,
diagnose, and ultimately help treat disease. The company's products
include real-time PCR reagents, the NanoChip(R) electronic
microarray platform and a line of rapid diagnostic tests. Nanogen's
ten years of pioneering research involving nanotechnology holds the
promise of miniaturization and continues to be supported for its
potential for diagnostic and biodefense applications. For
additional information please visit Nanogen's website at
http://www.nanogen.com/. Forward-Looking Statement This press
release contains forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those set forth in the forward-looking statements,
including whether the market for molecular diagnostics technologies
and products will further develop, and other risks and
uncertainties discussed under the caption "Factors That May Affect
Results" and elsewhere in Nanogen's Form 10-K or Form 10-Q most
recently filed with the Securities and Exchange Commission. These
forward-looking statements speak only as of the date hereof.
Nanogen disclaims any intent or obligation to update these
forward-looking statements.
http://www.newscom.com/cgi-bin/prnh/20050803/LAW135LOGO
http://photoarchive.ap.org/ DATASOURCE: Nanogen, Inc. CONTACT:
Robert Saltmarsh, Chief Financial Officer, +1-858-410-4600, or
Suzanne Clancy, Corporate Communications, +1-858-410-4688, , both
of Nanogen, Inc.; or Media & Investor Relations, Carolyn Hawley
of Porter Novelli Life Sciences, +1-619-849-5375, , for Nanogen,
Inc. Web site: http://www.nanogen.com/
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