LA JOLLA, Calif.--(BUSINESS WIRE)--Sept. 8, 2006--Stratagene
Corporation (NASDAQ:STGN), a developer, manufacturer and marketer of
specialized life science research and diagnostic products, today
announced that it has obtained an exclusive option to evaluate and
license a family of patents and patent applications controlled by AROS
Applied Biotechnology ("AROS") of Denmark. Under the terms of the
agreement, Stratagene will have the right to evaluate and exclusively
license the rights to certain gene groups that have been shown to have
predictive capabilities for certain cancers. Financial terms of the
agreement were not disclosed.
"We are very excited about this new agreement with AROS, a leader
in gene analysis and PCR-based testing," said Joseph A. Sorge, MD,
President and CEO of Stratagene. "In addition to our ongoing
relationships with Bayer Healthcare, Focus Diagnostics and the Sidney
Kimmel Cancer Center, we regard this new agreement as another
significant milestone for our molecular diagnostics growth strategy.
Our relationship with Bayer Healthcare currently focuses on
customization of our leading-edge Mx3005P instrument systems for use
on Bayer's molecular diagnostics testing platform. Focus Diagnostics
is utilizing our technology, expertise and manufacturing capabilities
to develop selected molecular diagnostics kits and products based on
certain proprietary FullVelocity technologies. With the addition of
AROS, we believe we have taken another important step in executing the
third facet of our molecular diagnostics strategy, which is focused on
developing Stratagene-branded test kits and products."
AROS is headed by Torben F. Orntoft, a co-founder and CEO of AROS
Applied Biotechnology, Chief Physician in the Department of Clinical
Biochemistry, Aarhus University Hospital and Professor of Molecular
Cancer Diagnostics, University of Aarhus in Denmark. Mr. Orntoft has
authored more than 100 peer-reviewed journal articles and specializes
in translating molecular oncology diagnostics to array platforms.
"Exclusive access to this innovative intellectual property will
enable us to continue to progress with our molecular diagnostics
strategy," continued Dr. Sorge. "By using sets of genes that have
predictive capabilities for bladder cancer, we believe that we will be
able to internally develop diagnostic test kits, which should enable
the detection of cancer at an earlier stage than is now possible and
provide invaluable guidance to doctors as they make therapeutic
decisions to treat cancers. We believe that this intellectual
property, with its important implications for a variety of cancers,
uniquely positions us to bring to market technology that will serve
unmet needs within molecular diagnostics."
About AROS Applied Biotechnology
AROS is a contract research organization and service laboratory
offering molecular testing to industry and universities worldwide.
Services include sample banking, extraction of molecules, Microarray
analysis, PCR-based testing and large clinical studies. For more
information, visit www.arosab.com.
About Stratagene Corporation
Stratagene is a developer, marketer and manufacturer 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, and 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.
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, the company's ability to compete effectively in the
diagnostics and life science 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 Item "1A. Risk Factors" included in Stratagene's
Annual Report on Form 10-K for the year ended December 31, 2005 and in
other reports filed by Stratagene from time to time with the
Securities and Exchange Commission, including Quarterly Reports on
Form 10-Q.
CONTACT: Stratagene Corporation
Steve Martin, 858-373-6303
or
EVC Group, Inc.
Douglas Sherk, 415-896-6820 (Investors)
Jennifer Beugelmans, 415-896-6820 (Investors)
Steve DiMattia, 646-277-8706 (Media)
SOURCE: Stratagene Corporation