ST. PAUL, Minn. and SAN DIEGO, June 16 /PRNewswire-FirstCall/ -- 3M and Gen-Probe Incorporated (Nasdaq: GPRO) announced today that 3M has discontinued the companies' collaboration to develop rapid molecular tests for healthcare-associated infections (HCAIs).
The companies, which are exploring the possibility of a future marketing collaboration in this area, said the collaboration was discontinued due to current technical incompatibilities between Gen-Probe's nucleic acid testing technologies and 3M's proprietary microfluidics instrument platform.
"We intend to evaluate the merits of developing molecular tests for HCAIs to run on our next-generation automated instruments," said Steve Kondor, Gen-Probe's senior vice president of sales and marketing. "This approach, if successful, could help us develop products more rapidly, while further establishing our instrument platforms among current and future low- to mid-volume customers."
3M reaffirmed its commitment to developing and delivering products and solutions for the issues associated with HCAIs. "Our technology platforms are helping hospitals address the important issue of HCAIs," said Chuck Kummeth, vice president and general manager, 3M Medical Division. "We'll continue to offer our customers solutions that detect, prevent and control infections."
Under the terms of the discontinued agreement, Gen-Probe was responsible for assay development, which 3M funded. 3M also agreed to pay milestones to Gen-Probe based on technical and commercial progress. Gen-Probe earned the first of these milestones in the fourth quarter of 2007.
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|SOURCE Gen-Probe Incorporated|
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