ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

STGN Stratagene Corp (MM)

0.00
0.00 (0.00%)
Pre Market
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Stratagene Corp (MM) NASDAQ:STGN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Stratagene and Bayer HealthCare Enter Development and Supply Agreement for QPCR Instruments

14/03/2006 11:30am

Business Wire


Stratagene (NASDAQ:STGN)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Stratagene Charts.
Stratagene Corporation (NASDAQ:STGN), a developer, manufacturer and marketer of specialized life science research and diagnostics products, announced today that Bayer HealthCare, Diagnostics Division, a member of the Bayer Group (NYSE:BAY), will purchase customized Mx3005P(TM) instrument systems for use in a new platform Bayer is developing for performing molecular diagnostic tests worldwide. Under the terms of the agreement, Stratagene will develop customized software and system features for the Mx3005P instrument for Bayer. Stratagene will receive milestone payments based upon its completion of this customization and regulatory activities needed to meet Bayer's clinical requirements. Bayer will utilize Stratagene's Mx3005P instruments as components of its modular quantitative Polymerase Chain Reaction (QPCR) systems which will expand Bayer's product portfolio to address a broad customer base in the in vitro diagnostic market. Stratagene's Cedar Creek facility, where the Mx3005P systems will be manufactured for Bayer, currently has ISO 13485 (International Organization for Standardization) certification as a medical devices developer and manufacturer. This certification indicates that Stratagene has established and maintains an acceptable quality system with management control to meet all applicable regulatory requirements. "We chose to standardize on Stratagene's instrument technology because the Mx3005P system offers a full-featured and reliable platform that is small and economical," said Tom Warekois, Senior Vice President of Global Strategic Marketing, Bayer HealthCare, Diagnostics Division. "In addition, Stratagene has a reputation for high-quality manufacturing and innovative design and we are confident that it will be able to further develop the Mx3005P system to meet our clinical needs." "This agreement with Bayer is a very significant milestone for Stratagene," said Joseph A. Sorge, MD, President and CEO of Stratagene. "Our long-term strategy is to successfully create a full suite of products for the molecular diagnostics marketplace. We believe that Bayer's decision to partner with us validates our assertion that the Mx3005P system offers a unique value proposition for the growing market." Quantitative PCR is the most widely used technology for molecular diagnostics testing, which is estimated to be a $1.5 billion marketplace. Molecular testing has improved the process of detecting the presence of agents that cause both viral and non-viral infectious diseases. Using nucleic acid-based diagnostics for the detection of DNA or RNA, clinical laboratories can deliver results within hours, allowing patients to receive appropriate treatment faster than with traditional testing methods. The greater sensitivity of quantitative PCR testing methods allows for the detection of microorganisms even when present in very low concentrations. About Stratagene Corporation Stratagene is a developer, manufacturer and marketer of specialized life science research and diagnostic products. The Company's life science research unit supports advances in science by inventing, manufacturing and distributing products that simplify, accelerate and improve research. These products are used throughout the academic, industrial and government research sectors in fields spanning molecular biology, genomics, proteomics, drug discovery and toxicology. The Company's diagnostic unit develops and manufactures products for urinalysis as well as high quality automated instrument and reagent systems that use blood samples to test for more than 1,000 different allergies and autoimmune disorders. In addition, by combining its expertise in diagnostics and molecular biology, as well as its experience with FDA regulatory procedures, the Company is pursuing opportunities to expand its product portfolio to include molecular diagnostic kits and instrumentation. More information is available at www.stratagene.com. About Bayer HealthCare, Diagnostics Division Bayer HealthCare, Diagnostics Division, based in Tarrytown, New York, U.S.A., is one of the world's market leaders in diagnostic systems, with operations in more than 100 countries. The Company offers an extensive portfolio of laboratory testing for urinalysis, DCA (hemoglobin A1C), immunology, blood gas, hematology, molecular and clinical chemistry testing to assess and manage health in a myriad of disease states, including cardiovascular, kidney and infectious diseases, oncology, and virology. The Company provides diagnostic systems, laboratory automation and productivity solutions and services to hospitals and health care systems, laboratories and physician's offices across the world. Bayer HealthCare Diagnostics Division operates as part of Bayer HealthCare LLC, a member of the worldwide Bayer HealthCare group. Safe Harbor Statement Certain statements in this news release that are not historical fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements. Stratagene generally identifies forward-looking statements by using words like "believe," "intend," "target," "expect," "estimate," "may," "should," "plan," "project," "contemplate," "anticipate," "predict" or similar expressions. You can also identify forward-looking statements by discussions of strategies, plans or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results of Stratagene to be materially different from historical results or from any results expressed or implied by such forward-looking statements. Among the important factors that could cause actual results to differ materially from those contained in or implied by the forward-looking statements are risks associated with the company's inability to sufficiently anticipate market needs and develop products and product enhancements that achieve market acceptance, including molecular diagnostic testing kits and related products, the company's ability to compete effectively in the diagnostics and life sciences research markets, variability of the company's quarterly revenues and operating results, the failure of the company to retain key employees, the company's ability to obtain additional debt or equity financing, the possibility of declining sales due in part to a reduction in research and development budgets or government funding, the company's ongoing ability to protect its own intellectual property rights and to avoid violating the intellectual property rights of third parties, extended manufacturing difficulties and currency fluctuations. For more information about these and other factors that could cause actual results to differ materially from those contained in or implied by the forward-looking statements please see "Factors that May Affect Future Results" included in Stratagene's Annual Report on Form 10-K for the year ended December 31, 2004 and in other reports filed by Stratagene from time to time with the Securities and Exchange Commission, including Quarterly Reports on Form 10-Q. This news release contains forward-looking statements based on current assumptions and forecasts made by Bayer Group management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in our public reports filed with the Frankfurt Stock Exchange and with the U.S. Securities and Exchange Commission (including our Form 20-F). The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

1 Year Stratagene Chart

1 Year Stratagene Chart

1 Month Stratagene Chart

1 Month Stratagene Chart