Hayward, California
April 1, 2002
Lynx Therapeutics, Inc.
(Nasdaq: LYNX) and Aventis CropScience GmbH of Frankfurt,
Germany, announced today that they have agreed to jointly
develop and commercialize a novel assay based on Lynx's
proprietary bead-based technologies. This decision has led to a
five-year extension of the original March 1999 agreement between
the companies that provides Aventis CropScience with access to
Lynx's genomics discovery services.
Lynx and Aventis CropScience will own the assay technology
jointly. Lynx will manufacture and sell the services or products
based on the assay technology, and will pay related royalties to
Aventis CropScience. Additionally, Lynx will derive revenues
from performing genomics discovery services for Aventis
CropScience during the development and commercialization phase
of the agreement.
"We believe that initial results suggest that the use of our
quantitative technologies will provide an excellent method for
the development of effective assays for use in crops," said
Norrie Russell, Ph. D., President and Chief Executive Officer of
Lynx. "We are excited about the extension of our agreement with
Aventis CropScience, and we look forward to the
commercialization of the assays."
"We believe that teaming up with Lynx has resulted in the highly
creative thinking of scientists with very complementary skills,"
said Dr. Bernard Convent, Head of R&D BioScience. "We are
extremely impressed with the joint initiative that may lead to a
novel standard in the industry."
Lynx is a leader in the development and application of novel
technologies for the discovery of gene expression patterns and
genomic variations important to the pharmaceutical,
biotechnology and agricultural industries. These technologies
are based on the Megaclone(TM) technology, Lynx's unique and
proprietary cloning procedure, which transforms a sample
containing millions of DNA molecules into one made up of
millions of micro-beads, each of which carries approximately
100,000 copies of one of the DNA molecules in the sample.
Megaclone(TM) technology is the foundation for Lynx's analytical
applications, including: Massively Parallel Signature
Sequencing, or MPSS(TM), technology, which provides gene
sequence information and high-resolution gene expression data;
Megasort(TM) technology, which provides differentially expressed
gene sets; and Megatype(TM) technology, which provides single
nucleotide polymorphism, or SNP, disease- or trait-association
information. Lynx is also developing a proteomics technology,
Protein ProFiler(TM), which is expected to provide
high-resolution analysis of complex mixtures of proteins from
cells or tissues.
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