College Station, Texas
October 2, 2002
ProdiGene, Inc., a
pioneer in recombinant protein development and manufacturing
from transgenic plant systems, has embarked on a restructuring
plan designed to enable ProdiGene to move forward with its
commercialized products and strategic collaborations. As part of
the plan, ProdiGene eliminated several positions that were no
longer considered key to the core focus of the Company.
"The current market conditions have forced us to place more
emphasis on generating sales with our core products,
Trypzean(TM) (recombinant trypsin) and recombinant Aprotinin,
which are both in high demand as non-animal sourced proteins
used in the pharmaceutical industry," said Anthony G. Laos,
President and CEO of ProdiGene.
ProdiGene, headquartered in College Station, Texas, is a
private biotechnology company that is developing and
manufacturing industrial and pharmaceutical proteins from a
transgenic plant technology platform. ProdiGene, as the first
and only company to produce and market a recombinant protein
from a transgenic plant system, is well positioned to capitalize
on the opportunities in the large and expanding recombinant
protein markets. The Company has collaborations with several
leading biotechnology and pharmaceutical companies.
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