Navigation Links
Tethys Bioscience Announces Acquisition of Lipomics Technologies
Date:9/17/2008

Addition of metabolite technology uniquely positions company as it expands

its line of predictive diagnostic tests

EMERYVILLE, Calif., Sept. 17 /PRNewswire/ -- Tethys Bioscience, Inc. announced today that it has acquired Lipomics Technologies of West Sacramento, Calif. The acquisition will be finalized today upon completion of customary closing conditions. Financial terms were not disclosed.

The acquisition brings together Lipomics' metabolite profiling technology with Tethys' proven expertise in the use of protein biomarkers to create novel tests capable of accurately predicting a person's likelihood of developing chronic diseases. Tethys launched its first such test - the PreDx(TM) Diabetes Risk Test - earlier this year, and is working to develop similar tests that will predict a person's likelihood of experiencing an osteoporotic bone fracture or a major cardiac event.

Integration of the Lipomics understanding of lipid biology with the Tethys protein biomarker analysis capability provides the Company with state-of-the- art technology as it extends its focus beyond diabetes. With this combination, Tethys is uniquely positioned to develop unprecedented insights into the biological mechanisms of a host of diseases.

"We are very excited to add this highly complementary expertise to our increasingly diversified technology portfolio," said Mickey Urdea, Tethys' founder, chairman and CEO. "We believe that the best solutions for predicting and thereby preventing a range of chronic conditions will come from the thoughtful integration of multiple types of biomarkers - including proteins and metabolites. The addition of Lipomics furthers our goal of arming patients and physicians with insights that will help reduce the incidence of preventable chronic diseases."

With completion of the acquisition today, full integration of the companies is well underway. Effective today, all 30 employees of Lipomics will become part of Tethys. Steven M. Watkins, PhD., co-founder, president and chief scientific officer of Lipomics, will assume the role of chief technology officer at Tethys. The Lipomics facility will continue its comprehensive and quantitative profiling of lipid metabolites as Tethys West Sacramento.

"From the moment we began discussions with Tethys, we were each struck by the complementary nature of our technologies, our core skills, and our sharp focus on addressing unmet clinical needs," Watkins said. "The Lipomics team is delighted to become part of Tethys, and to bring our expertise to bear on advancing the field of predictive personalized medicine."

About Tethys Bioscience

Tethys Bioscience is a predictive personalized medicine company developing novel tests which address the growing global healthcare challenge of chronic diseases such as diabetes. Founded in 2005, the company integrates an experienced management team, innovative research based on sound science, a CLIA-licensed clinical laboratory, and a commercialization team with extensive experience in diagnostic innovation. Our partnerships with world class researchers and our solid financial foundation will enable Tethys to help transform the management of chronic diseases by providing personalized, preventive solutions that aid every constituency: patients, doctors and the healthcare system as a whole.

About Lipomics

Lipomics Technologies provides industry-leading metabolic assessments for drug research, clinical diagnostics and personalized medicine. The Company's proprietary analytical technologies generate comprehensive, accurate and quantitative profiles of lipid metabolites. Lipomics delivers deep and rich knowledge about biological and metabolic changes induced by disease, drug action, nutritional or lifestyle influences. In partnership with pharmaceutical, biotechnology, and nutrition companies, Lipomics uses its technologies to discover new diagnostic biomarkers, improve drug discovery, develop companion diagnostics and enable individualized health management.

About the PreDx(TM) Diabetes Risk Test

Tethys announced the expanded availability of its first predictive, personalized test - the PreDx Diabetes Risk Test -- in June. The PreDx Diabetes Risk Test is a first-of-its-kind predictive tool that delivers an accurate assessment of an individual's risk of developing Type 2 diabetes within the next five years. The test is performed exclusively by the Tethys Bioscience Clinical Laboratory on routinely collected blood samples.

The new blood test is designed to help physicians identify patients at highest risk of developing Type 2 diabetes so that they can promote lifestyle changes or initiate treatment plans to prevent or slow progression to Type 2 diabetes. Numerous studies have demonstrated that such interventions can reduce the incidence of new onset diabetes by 30-60%.

Contacts:

Jay Kerzner

Director of Communications

Tethys Bioscience

510-420-6746

jkerzner@tethysbio.com

Hal Mackins

Media Relations for Tethys

415-994-0040

hal.mackins@fkhealth.com


'/>"/>
SOURCE Tethys Bioscience, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related biology technology :

1. Tethys Bioscience Announces Expanded Availability of PreDx(TM) Diabetes Risk Test
2. Ardea Biosciences to Present at the UBS Global Life Sciences Conference and the Third Annual JMP Securities Healthcare Focus Conference
3. Sangamo BioSciences to Present at the UBS Global Life Sciences Conference
4. Industry Pioneer Joins Profectus BioSciences to Support Innovation in Therapeutic and Preventative Vaccines
5. Ardea Biosciences to Present Data on Gout and Inflammation Programs at the 2008 ACR/ARHP Annual Scientific Meeting
6. Pressure BioSciences, Inc. Announces Research Agreement With the US Army Medical Research Institute of Infectious Diseases (USAMRIID)
7. Ardea Biosciences to Present Data on Lead MEK inhibitor, RDEA119, at EORTC-NCI-AACR Symposium
8. Protect Marylands Bioscience Industry
9. Start-Up and Emerging Biotech Companies Will Tell Their Stories at Biosciences Showcase Planned for MichBio Expo
10. Neurocrine Biosciences to Present at Thomas Weisel Healthcare Conference and the NewsMakers in the Biotech Industry Conference
11. Pressure BioSciences, Inc. Releases Novel, PCT-dependent Sample Preparation Kit for Systems Biology Studies
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/22/2017)... ... 2017 , ... Okyanos Cell Therapy has announced Tallahassee, FL will be the ... “Stem Cell Therapy: The Next Phase in the Evolution of Medicine.” As the Bahamas’ ... and Therapy Act, Okyanos maintains a mission to help “no-option” patients and those ...
(Date:3/22/2017)... ... March 21, 2017 , ... ... peristaltic pump with patented ReNu single-use (SU) cartridge technology. Engineered by the ... feed pumps in SU tangential flow filtration (TFF), virus filtration (VF) and ...
(Date:3/22/2017)... March 22, 2017  Personal Genome Diagnostics Inc. ... testing contract with the U.S. Department of Veterans ... assay with the company,s new CancerSELECT ™ ... actionable pan-cancer profiling test that includes microsatellite instability ... patient response to checkpoint inhibitor immunotherapies. CancerSELECT 125 ...
(Date:3/20/2017)... , ... March 20, 2017 , ... ... pharmaceutical and biotech companies, recently announced it will debut a brand new pressure ... City. The intelliVessel is controlled by a touch screen panel and features other ...
Breaking Biology Technology:
(Date:3/22/2017)... , March 21, 2017   Neurotechnology , ... recognition technologies, today announced the release of the ... which provides improved facial recognition using up to ... a single computer. The new version uses deep ... accuracy, and it utilizes a Graphing Processing Unit ...
(Date:3/20/2017)... HANOVER, Germany , March 20, 2017 At ... Hamburg -based biometrics manufacturer DERMALOG. The Chancellor came to the ... Japan is this year,s CeBIT partner country. At the largest ... important biometrics in use: fingerprint, face and iris recognition as well as ... ...
(Date:3/13/2017)... HAMBURG, Germany , March 13, 2017 Future of ... ... DERMALOGs Face Matching enables to match ... characteristics forms the basis to identify individuals. (PRNewsFoto/Dermalog Identification Systems) ... DERMALOG,s "Face Matching" is the fastest software for ...
Breaking Biology News(10 mins):