Navigation Links
Luminex Corporation Reaches Settlement With Rules Based Medicine, Inc.
Date:10/15/2007

AUSTIN, Texas, Oct. 15 /PRNewswire-FirstCall/ -- Luminex Corporation (Nasdaq: LMNX) today announced that it has settled the pending litigation with Rules Based Medicine, Inc ("RBM"). As part of the settlement, Luminex received a cash payment of $12.5 million. The cash payment was made by RBM in exchange for resolution of the dispute between the companies regarding Biophysical Corporation as well as the retirement of Luminex's stock ownership in RBM and the grant of certain additional licensing rights from Luminex. All other terms of the agreement are confidential. The parties intend to formally dismiss the lawsuit, as required by the Settlement Agreement.

Luminex Corporation develops, manufactures and markets proprietary biological testing technologies with applications throughout the life sciences industry. The Company's xMAP(R) system is an open-architecture, multi-analyte technology platform that delivers fast, accurate and cost-effective bioassay results to markets as diverse as pharmaceutical drug discovery, clinical diagnostics and biomedical research, including the genomics and proteomics research markets. The Company's xMAP technology is sold worldwide and is in use in leading research laboratories as well as major pharmaceutical, diagnostic and biotechnology companies. Further information on Luminex Corporation or xMAP can be obtained on the Internet at http://www.luminexcorp.com .

Contact: Harriss T. Currie

Vice President, Finance and Chief Financial Officer

512-219-8020

hcurrie@luminexcorp.com


'/>"/>
SOURCE Luminex Corporation
Copyright©2007 PR Newswire.
All rights reserved

0

GOOD

Page: 1

Related biology technology :

1. Trouble-shooting: Misincorporation or low fidelity
2. Roche Diagnostics Corporation
3. Roche Diagnostics Corporation
4. Promega Corporation: Wisconsins quiet innovator
5. Giuliani will keynote RedPrairie Corporations user conference
6. Madison Development Corporation makes loans to three area companies
7. Corporations and blogging
8. Metavante acquires Florida banking corporation
9. TriMas Corporations Cequent Group Acquires Chem-Chrome, Inc.
10. Douglas Stewart reaches distribution pact with digital video firm
11. Avolte Venture Partners reaches capital goal
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/16/2008)...rstCall/ -- Wyeth (NYSE: WYE ),announced today th...earch,Healthcare Conference on Wednesday, May 21, ...eth will be Greg Norden, Senior Vice President and...ation will be webcast live for investors at, http:...g the conference., Wyeth is one of the world,s la...
(Date:5/16/2008)...-- StemCyte Inc. today announced,that Chief Scient...ny,overview with a focus on the StemCyte,s Indian ...ta Clara, Calif., Bhat will present during the se...Current State of the Art" on Saturday, May 17. His...evelopment of StemCyte,India Therapeutics, the joi...
(Date:5/16/2008)...e/ -- The landscape of scientific,publications str...advent of,transparency guidelines. Half of global ...ting function, but publications leaders foresee a ...ntation, according to a new,report released by Bes...ncluded such influential companies as,Pfizer, Glax...
(Date:5/16/2008)...-- Chromatide and Novasep have,extended their part... and,oligonucleotide synthesis technology. The res... needs of biotechnology and pharmaceutical industr...s for gram to industrial,scale production of high ...ip is to combine Chromatide,s experience,in solid ...
Breaking Biology Technology:StemCyte Chief Scientific Officer to Present Company Overview with Focus on Indian Joint Venture at TiEcon 2008 2Industry Executives Finding Value in Shift of Scientific Publications 2Chromatide and Novasep Have Extended Their Partnership to Develop Large Scale Solid Phase Peptide and Oligonucleotide Synthesis Technology. 2Chromatide and Novasep Have Extended Their Partnership to Develop Large Scale Solid Phase Peptide and Oligonucleotide Synthesis Technology. 3Chromatide and Novasep Have Extended Their Partnership to Develop Large Scale Solid Phase Peptide and Oligonucleotide Synthesis Technology. 4
...IONS" Today we begin three weeks of special articl... Wisconsin Technology Network (WTN). This series c...awareness, discussion and debate that will help to...ogies surrounding Wisconsin,s Health Science and T... publish EXCLUSIVE articles and commentaries on th...
...Economic Summit it was suggested that we focus on ...he quickest way to create faster economic growth a...average. It was pointed out that our basic indust...ing the high-tech, high-growth engine that can pul...-tech companies will create more high-knowledge jo...
...IONS" Today we begin three weeks of special articl... Wisconsin Technology Network (WTN). This series c...awareness, discussion and debate that will help to...ogies surrounding Wisconsin,s Health Science and T... publish EXCLUSIVE articles and commentaries on th...
... sitting in piles of cash right now. But since he ...nt, hell take the latest version of WorkWises manu...n Milwaukee, is a provider of enterprise-wide solu...through improved use of their information assets. ...companies upgraded to the latest version of its TC...
Other Biology Technology:Conferences Underscore Wisconsins Role in the Health Technology Revolution 2Conferences Underscore Wisconsins Role in the Health Technology Revolution 3We Need Techo-Savy Leaders - Dont just blame government and education for economic problems 2We Need Techo-Savy Leaders - Dont just blame government and education for economic problems 3We Need Techo-Savy Leaders - Dont just blame government and education for economic problems 4Why Wisconsin Lags Behind the U.S. and Minnesota 2Why Wisconsin Lags Behind the U.S. and Minnesota 3Why Wisconsin Lags Behind the U.S. and Minnesota 4Why Wisconsin Lags Behind the U.S. and Minnesota 5WorkWise Helps Manufacturers Squeeze Bottom Line 2
(Date:5/15/2008)....--As Charles Darwin showed nearly 150 years ago, ...eeding strategy. A team of MIT mathematicians and ...birds use their long, thin beaks to defy gravity a...rope, commonly found in western North America, tak...eak and water droplets to propel bits of food from...
(Date:5/15/2008)....--Having found that whether bacteria stick to sur...re, MIT engineers have created ultrathin films mad...ices and other surfaces to control microbe accumul...could provide a valuable layer of protection for t...pread of hospital-acquired infections, which take ...
(Date:5/15/2008)...Now that high school biology students can recite t...to messenger RNA (mRNA), which is then translated ..., sending studentsand many scientistsscrambling fo... for Biological Studies investigator Joseph Ecker,...of Developmental Cell, shows that the RNA world is...
(Date:5/15/2008)...s practice usually reserved for boosting profits b...eir energy use? Writing in the International Journ..., researchers in India provide an answer. , Acco...NC College of Engineering in Haryana, India, and c...refront of company efforts. In a global economy wi...
Breaking Biology News(10 mins):MIT solves gravity-defying bird beak mystery 2MIT solves gravity-defying bird beak mystery 3MIT crafts bacteria-resistant films 2MIT crafts bacteria-resistant films 3Plant biologists discover unexpected proteins affecting small RNAs 2Plant biologists discover unexpected proteins affecting small RNAs 3Adding up business and energy 2Transplant Community Unites to Educate Capitol Hill Staffers About the Gift of Life 11734 1Transplant Community Unites to Educate Capitol Hill Staffers About the Gift of Life 11734 2Genoptix Reports Strong Financial Results for the Fourth Quarter and Full Year 2007 11730 1Genoptix Reports Strong Financial Results for the Fourth Quarter and Full Year 2007 11730 2Genoptix Reports Strong Financial Results for the Fourth Quarter and Full Year 2007 11730 3Genoptix Reports Strong Financial Results for the Fourth Quarter and Full Year 2007 11730 4Genoptix Reports Strong Financial Results for the Fourth Quarter and Full Year 2007 11730 5Genoptix Reports Strong Financial Results for the Fourth Quarter and Full Year 2007 11730 6Genoptix Reports Strong Financial Results for the Fourth Quarter and Full Year 2007 11730 7Genoptix Reports Strong Financial Results for the Fourth Quarter and Full Year 2007 11730 8Pet DRx to Present at Roth 20th Annual OC Growth Stock Conference 11726 1Pet DRx to Present at Roth 20th Annual OC Growth Stock Conference 11726 2Cephalons 2007 Results Exceed Full Year Sales and Earnings Guidance 3239 1Cephalons 2007 Results Exceed Full Year Sales and Earnings Guidance 3239 2Cephalons 2007 Results Exceed Full Year Sales and Earnings Guidance 3239 3Cephalons 2007 Results Exceed Full Year Sales and Earnings Guidance 3239 4Cephalons 2007 Results Exceed Full Year Sales and Earnings Guidance 3239 5Cephalons 2007 Results Exceed Full Year Sales and Earnings Guidance 3239 6Cephalons 2007 Results Exceed Full Year Sales and Earnings Guidance 3239 7Cephalons 2007 Results Exceed Full Year Sales and Earnings Guidance 3239 8Cephalons 2007 Results Exceed Full Year Sales and Earnings Guidance 3239 9Cephalons 2007 Results Exceed Full Year Sales and Earnings Guidance 3239 10Cephalons 2007 Results Exceed Full Year Sales and Earnings Guidance 3239 11Cephalons 2007 Results Exceed Full Year Sales and Earnings Guidance 3239 12Cephalons 2007 Results Exceed Full Year Sales and Earnings Guidance 3239 13Cephalons 2007 Results Exceed Full Year Sales and Earnings Guidance 3239 14Cephalons 2007 Results Exceed Full Year Sales and Earnings Guidance 3239 15Cephalons 2007 Results Exceed Full Year Sales and Earnings Guidance 3239 16Cephalons 2007 Results Exceed Full Year Sales and Earnings Guidance 3239 17
...immel Cancer Center have found that a gene pathway... new way to treat autoimmune diseases, including m...d mice suggest that blocking the pathway by interf..., targets an immune system cell often ignored in f...LT3, which controls the development of healthy blo...
...n,t go crazy over catnip? As it turns out, half of... according to the "What,s That Stuff" column in th... the weekly newsmagazine published by the American...society. , Catnip sensitivity is inherited, says C...ealth Center at Cornell University in Ithaca, N.Y....
...ne responsible for controlling a first key step in...ch published in the journal Nature tomorrow (Thurs...chaperones, the early processes that take place on... in the most fundamental process in sexually repro... gene in the maternal (mother,s) genome explains w...
...ina have an increased risk of schizophrenia, consi...ween fetal nutritional deficiency and schizophreni...AMA, a theme issue on violence and human rights. ,...llness characterized by thought disorder, hallucin...of social functioning and social withdrawal, accor...
Other Biology News:Dendritic cells offer new therapeutic target for drugs to treat MS and other autoimmune disease 2Many cats unaffected by catnip, C&EN reports 2Scientists unpick genetics of first 15 minutes of life 2Prenatal exposure to famine increases risk of schizophrenia 2