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From DNAPrint.com: |
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LATEST PRESS RELEASE: | |||
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June 21, 2005
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DNAPrint genomics Acquires Trace Genetics of San Francisco "The acquisition enables DNAPrint to establish a base of operations in the
San Francisco Bay biotech corridor and broadens our sales and marketing
opportunities on the West Coast," stated President and Chief Executive Officer
Richard Gabriel. "By centralizing our consumer genomics and law enforcement
forensics production work at Trace's state-of-the art custom laboratory in San
Francisco, we can concentrate on the acceleration of research and development
at our Sarasota headquarters." Trace ( http://www.tracegenetics.com ) brings two new complementary
technologies to DNAPrint's autosomal testing for determining the percentage of
a person's ancestry -- y-chromosome testing for tracing ancestry by following
the paternal line and mitochondrial (mtDNA) x-chromosome testing for the
maternal line. Trace also maintains a Native American DNA databank which,
when combined with DNAPrint's, will be one of the largest in North America. In
addition, Trace maintains expertise in ancient DNA analysis from mummified and
fossilized remains. DNAPrint's proprietary human genome technology is focused
on three areas: pharmacogenomics, forensics, and genealogy. All three are
based on core technology for targeting single nucleotide polymorphisms (SNPs),
which enables the Company to provide novel predictive genetic tests at a
significant cost advantage. Mr. Gabriel noted that Trace's co-founders, Ripan S. Malhi, Ph.D., and
Jason Eshelman, Ph.D., will join the staff of DNAPrint genomics. "We are
pleased that these two talented scientists are becoming part of the DNAPrint
family," Mr. Gabriel stated. "Their expertise will bring an invaluable asset
to the Company at a time when we are entering a period of expansion and
growth." 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 within the meaning of Section 21E of the Securities
Exchange Act as amended. 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. |
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Dnaprint AncestryByDNA Information Site by
Independent Investors. DNA Fingerprinting and Testing by DnaPrint Genomics
specialize in complex genetic analytics and information resource products
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