Tuesday, July 12, 2005 11:26:22 AM
DNAPrint genomics Upgrades Genotyping Platform
Tuesday July 12, 7:00 am ET
SARASOTA, Fla., July 12 /PRNewswire-FirstCall/ -- DNAPrint genomics, Inc. (OTC Bulletin Board: DNAG - News) 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
Source: DNAPrint genomics
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