Provides New Opportunity to Serve Pharmaceutical Partner Interest for
Clinical Trials in China
OMAHA, Neb., March 31 /PRNewswire-FirstCall/ -- Transgenomic, Inc. (OTC Bulletin Board: TBIO), a global genetic analysis and services company, today announced that it has entered into a laboratory services agreement with the Guangzhou Family Planning Center in Guangzhou, China. Under this agreement, Transgenomic will partner with the Guangzhou Laboratory to provide pharmacogenomic analyses within the Guangzhou Laboratory for pharmaceutical companies who choose to pursue clinical trials in China. The company has already equipped the facility with the instrument system technology needed to provide these sophisticated pharmacogenomics services.
"Our partnership with the Guangzhou laboratory, coupled with our expanding expertise in conducting pharmacogenomics studies for pharmaceutical companies opens a new door of opportunity for our Pharmacogenomics business," said Craig Tuttle, Transgenomic President and Chief Executive Officer. "Many of our Pharmaceutical partners are interested in pursuing clinical trials in China. Under Chinese law, samples collected in China must be tested in China. The Guangzhou laboratory provides the facility to enable us to offer our Pharmaceutical customers the testing capabilities they seek as they expand their clinical trial efforts to Asia, opening significant new clinical testing opportunities for us and strengthening our position as a leading supplier to our pharmaceutical partners in their worldwide efforts to bring new drugs to market."
Transgenomic is a global biotechnology company that provides unique
products and services for automated high sensitivity genetic variation and
mutation analysis. Their offerings include systems, products, discovery and
laboratory testing services to the academic and medical research, clinical
laboratory and pharmaceutical market
|SOURCE Transgenomic, Inc.|
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