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From DNAPrint.com: |
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LATEST PRESS RELEASE: |
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December 22, 2005
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DNAPrint Genomics Completes Acquisition of Ellipsis Biotherapeutics Ellipsis Biotherapeutics, formerly privately held, is retaining
its name and will function as a Canadian company from its
corporate headquarters in Toronto, Ontario. Ellipsis will
retain its existing personnel and continue to be managed
by Dr. Laurence Rubin, who is also the Director of the Division
of Rheumatology at St. Michael's Hospital in Toronto. His
research has focused on the genetic determinants of osteoporosis,
rheumatoid arthritis and other inflammatory diseases. He
has been with Ellipsis since 2000. ``The Ellipsis Biotherapeutics acquisition strengthens our
position in the diagnostic and clinical patient testing
market,'' stated Richard Gabriel, Chief Executive Officer
and President of DNAPrint Genomics. ``It also provides potential
business opportunities with several large pharmaceutical
and animal health care companies currently utilizing Ellipsis's
high throughput screening technologies.'' Ellipsis is located in downtown Toronto in close proximity
to the University of Toronto campus, the recently opened
MaRS Centre and major academic teaching hospitals. Using
the Beckman Coulter GenomeLab SNPstream and the Illumina
Beadstation, Ellipsis performs contract SNP genotyping for
academic centers, hospitals, human health care corporations
and biotech companies in diverse areas covering human, plant
and animal analyses. In addition, Ellipsis has acquired
a diverse portfolio of genetic data and intellectual property
from unique patient populations, specifically with Inflammatory
Bowel Disease (Crohn's disease) including last year's publications
of the discovery of a gene for Crohn's disease. Diagnostic
applications are currently under development in this and
related areas of autoimmune inflammatory disorders. ``We are very excited to be part of the DNAPrint group of
companies,'' Dr. Laurence Rubin stated. ``Our core competencies
provide a unique fit for future growth and development of
our contract services as well as opportunities to accelerate
novel research programs and collaborations.'' About DNAPrint Genomics, Inc. DNAPrint Genomics, Inc. (http://www.dnaprint.com) is a developer
of genomics-based products and services in two primary markets:
biomedical and forensics. DNAPrint Pharmaceuticals, Inc.,
a wholly owned subsidiary, develops diagnostic tests and
theranostic products (drug/test combinations) using the
Company's proprietary ancestry-informed genetic marker studies
combined with proprietary computational modeling technology.
Computational Biology and Pharmacogenomics services are
also offered externally to biopharmaceutical companies.
The Company's first theranostic product is PT-401, a ``Super
EPO'' (erythropoietin) dimer protein drug for treatment of
anemia in renal dialysis patients (end stage renal disease).
Pre-clinical and clinical development of all the Company's
drug candidates will benefit from simulated pre-trials to
better design actual trials and are targeted to patients
with a genetic profile indicating their propensity to have
the best clinical response. DNAPrint is proud of its continued
dedication to developing and supplying new technological
advances in law enforcement and consumer ancestry heritage
interests. Please refer to http://www.dnaprint.com for information
on law enforcement and consumer applications which include
DNAWITNESS(tm), RETINOME(tm), ANCESTRYbyDNA(tm) and EURO-DNA(tm). 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. |
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