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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Celadon Pharmaceuticals Plc | LSE:CEL | London | Ordinary Share | GB00BDQYGP38 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.50 | 2.52% | 61.00 | 57.00 | 65.00 | 61.00 | 59.50 | 59.50 | 12,246 | 14:00:11 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investment Advice | 149k | -7.14M | -0.1082 | -5.64 | 39.26M |
RNS Number:6027R Celsis International PLC 22 September 2005 Celsis Signs Exclusive Licensing Agreement with BioVentures Inc. Next generation of products offer potential to develop real-time microbiological testing 22 September 2005: Celsis International plc, the rapid microbial detection and analytical services company, announces that it has signed an exclusive licensing agreement with BioVentures Inc. to develop next generation products for rapid microbial and virus detection. The objective of such products is to enable the real-time and accurate detection of contamination for customers in the pharmaceutical, biotechnology, personal care and beverage industries, thus saving costs and time and preventing the need for product recalls. Screening for contamination has become an essential part of the manufacturing process as customers increasingly recognise the vital importance of ensuring product quality and consumer safety. Celsis currently offers manufacturers with rapid testing solutions, which provide results in 18 - 24 hours compared to the multiple days associated with traditional methods (including petri dishes). The products developed through this new agreement will benefit customers by significantly reducing the time to results to a few hours or less, while providing more information than permitted by current testing methodologies. Better and faster information will provide significant economic benefits to customers by reducing manufacturing cycle times and working capital requirements. Through deploying Celsis' detection technology, customers are also able to manage product quality and avoid costly product failures and recalls. This new licensing agreement covers BioVentures' patented and patent pending high density microarray technology which offers revolutionary improvements to the consistency, reproducibility and cost effectiveness of microarrays. Additionally, the BioVenture microarray offers improved design flexibility allowing for increased sensitivity and ease of interpretation. The joint development plan will also encompass nucleic acid testing and other rapid detection technologies. The industrial microbiology market is currently valued at about $3bn and is expected to grow to $4.5bn by 2008. Rapid testing methods are a key driver of market growth. Jay LeCoque, Chief Executive Officer of Celsis, commented: "With an increasing number of high profile and highly damaging product contamination stories, industry is looking for cost-effective and rapid microbiological testing products. Celsis is already at the forefront of such technology but we believe that this partnership with BioVentures will enable us to very substantially increase the speed and accuracy of our detection services. In addition to the clear benefits for consumer safety, these next generation products have the potential to add significant time and cost savings to our customers. Our objective is for these products to become a 'must have' across the manufacturing industry, maintaining and expanding Celsis' competitive advantage in the field on microbial testing." Elliott Dawson, President of BioVentures Inc., said: "We are confident that our technological strengths and Celsis' market leadership and capabilities in microbial detection will prove to be a successful combination. We are pleased to have the depth of understanding and market leadership that our partner, Celsis, brings to this relationship and eagerly anticipate entering into this attractive growth market with our technology. We therefore look forward to working with Celsis on this licensing and joint development programme." Enquiries: Celsis International plc Tel: 01638 600 151 Jay LeCoque, Chief Executive Officer Jenny Parsons, Corporate Communications Financial Dynamics Tel: 020 7831 3113 David Yates/Ben Atwell Notes to editors Celsis International plc Celsis International plc is a rapid microbial detection and analytical services company operating through two divisions, the Product Group and the Laboratory Group. Using its proprietary enzyme technology, the Product Group is the world leader in the provision of diagnostic systems for the rapid detection of microbial contamination. It works in close collaboration with many of the world's leading pharmaceutical, personal care and beverage companies, ensuring the safety and quality of products bound for consumers. The Laboratory Group provides outsourced analytical testing services to pharmaceutical and biopharmaceutical companies to ensure the quality, stability and chemical composition of their products. In addition to ensuring product quality and safety for consumers, both divisions have the capacity to deliver substantial cost savings to Celsis' customers. By reducing the time it takes to evaluate raw and in-process materials and release finished goods to the market place, Celsis' products facilitate increased manufacturing productivity and improved supply chain management. Celsis International plc is listed on the London Stock Exchange (CEL.L). Further information can be found on the Company's website at www.celsis.com. BioVentures Inc BioVentures is a privately held company based outside of Nashville, USA. BioVentures develops and provides products that are used in primary research and drug discovery including customers such as the National Institutes of Health, the Center for Disease Control, leading academic institutions and most of the major instrument providers to the field. BioVentures products improve the quality and consistency of genomic based testing and is the market leader in the high quality manufacturing of fluorescent calibration markers for geneomic and forensic analysis. BioVentures' production facilities and procedures are vendor inspected for compliance with ISO and GMP. BioVentures creates products to meet customer requirements with exacting standards, ensuring solutions that meet cost objectives as well as critical performance targets. For further information about BioVentures please go to www.bioventures.com This information is provided by RNS The company news service from the London Stock Exchange END AGRPKDKQBBKBOCB
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