Vacaville, California
April 13, 1999Biosource Technologies Inc. (Biosource)
announced today its completion ahead of schedule of
two milestones in their agricultural genomics collaboration with The Dow Chemical Company
and Dow AgroSciences LLC.
Completion of the two milestones triggers payments to Biosource under the terms of the
collaboration.
Biosource, along with The Dow Chemical Company and its wholly-owned subsidiary Dow
AgroSciences LLC, announced last September a broad collaborative agreement in agricultural
genomics. The three-year collaboration is one of the world's largest plant functional
genomic research programs dedicated to the discovery of gene-based agricultural and
chemical products. Biosource is exclusively collaborating with Dow to apply its
proprietary technologies to the discovery and development of genomics-based agricultural
and industrial products through its new operating division, Biosource Genomics.
"Biosource has transitioned into full-scale production mode with the world's only
high-throughput plant gene-expression engine,'' said Dr. Guy della-Cioppa, Vice President
of Biosource Genomics. "Accomplishing our first two Dow milestones ahead of schedule
is testimony to the blistering pace at which our gene discovery program is moving along.
Our GENEWARE(tm) technology enables the highest throughput in the industry, and we have no
doubt that our joint project goals will continue to be met ahead of expectation.''
The GENEWARE system is Biosource's proprietary platform for gene expression and for
producing biopharmaceuticals and specialty biochemicals. The technology platform consists
of a comprehensive family of recombinant plant viruses that express foreign genes in
plants. In its collaboration with Dow, Biosource Genomics utilizes high-throughput cloning
of genetic sequences into its proprietary GENEWARE vectors, followed by large scale
inoculation of whole plants to identify gene function. The high-throughput expression
technology is combined with sophisticated phenotypic and biochemical assays, and
bioinformatics tools to match gene to function.
Biosource Technologies Inc. and its operating divisions are a fully integrated
research-through manufacturing enterprise that provides novel technologies to greatly
improve the speed and productivity of life science discovery and product development
programs. Corporate offices, Biosource Genomics and Biosource Antigenics are headquartered
in Vacaville, California. Biosource Proteomics (formerly Large Scale Biology Inc.), the
leading provider of proteomic technologies to the life sciences industry, is located in
Rockville, MD. Biosource's bioprocessing and manufacturing facilities are located in
Owensboro, KY. For more information about Biosource Technologies Inc. visit its Web site
at www.biosource-technologies.com.
N1714 |