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Transgenomic Reports Third Quarter Financial Results
Date:11/15/2010

of last year. The pipeline of proposals submitted to pharmaceutical companies stood at $7.0 million as of September 30, compared with $6.0 million as of June 30, and $2 million as of March 31, 2010. Existing signed contracts have approximately $1.7 million of potential net sales remaining.  We believe that we are very well positioned to benefit from the growing use of biomarker discovery in the treatment of patients.

"Along with our licensing partner, IntegraGen, we continued to market our new ARISk™ test, which determines if there is an increased risk of autism in a newborn with an autistic older biological sibling.  This test gives us the opportunity to derive revenues through both the kit sales and from performing this assay in our CLIA-certified laboratory.

"We continue to rightsize our operational footprint by consolidating our research and development activities in Omaha, Nebraska, reducing headcount and eliminating open positions.  Although there will be some one-time costs for these measures, these actions are expected to allow us to be cash flow positive in 2011," Mr. Tuttle concluded.

Conference CallManagement will discuss third quarter 2010 financial results and answer questions during a conference call to be held Monday, November 22, 2010 beginning at 5:00 p.m. Eastern time. To access the call via telephone, please dial 888-563-6275 (domestic) or 706-643-3137 (international) and enter conference ID number 24244484.  The call also will be broadcast live over the Internet. To listen to the webcast, please log onto the Company's Investor Relations web page at http://www.transgenomic.com/events.asp?id=6 and follow the instructions. An archived webcast of the call will be available for 30 days. Investors can listen to a replay via telephone until 11:59 p.m. Eastern time on Wednesday, December 22, 2010 by dialing 800-642-1687 (domestic) or 706-645-9291
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SOURCE Transgenomic, Inc.
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