SOUTH SAN FRANCISCO, Calif., Nov. 1, 2010 /PRNewswire-FirstCall/ -- diaDexus, Inc. (OTC Bulletin Board: DDXS), a diagnostics company focused on the development and commercialization of patent-protected in vitro diagnostic products addressing unmet needs in cardiovascular disease, today announced that the company, formerly known as VaxGen, Inc. and traded on the OTC Bulletin Board under the ticker symbol (VXGN), has been renamed diaDexus, Inc. diaDexus' common stock will continue to trade on the OTC Bulletin Board under a new ticker symbol, DDXS. The name change was approved by the diaDexus Board of Directors following a reverse merger transaction completed on July 28, 2010 between the former diaDexus, Inc., a privately held company, and VaxGen, Inc.
diaDexus plans to host a webcast after the filing of its Form 10-Q for the third quarter of 2010. An announcement of the time and date of the webcast and access details will be made about a week prior to the webcast. In the webcast, Patrick Plewman, the company's President & Chief Executive Officer, and David Foster, the company's Chief Financial Officer, will provide a corporate overview and discuss the company's third quarter 2010 financial results.
Patrick Plewman commented, "The merged company combines the cash resources of VaxGen with diaDexus' commercial diagnostics business and offers exciting growth prospects. We look forward to connecting with current shareholders and potential investors to share our vision and strategy."
The change in the company's name will not affect the validity or transferability of any existing stock certificates that bear the VaxGen, Inc. name. Stockholders may continue to hold these certificates. No action is required by stockholders at this time.
About diaDexus, Inc.
diaDexus, Inc., based in South San Francisco, California, is focused on the develop
|SOURCE diaDexus, Inc.|
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