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Panomics Inc.: Recipient of the Frost & Sullivan 2007 United States Drug Discovery Technologies Entrepreneurial Company of the Year Award
Date:12/11/2007

FREMONT, Calif., Dec. 11 /PRNewswire-FirstCall/ -- Panomics Inc., a developer of innovative technologies and products for Parallel Quantitative Biology (PQB)(TM), and the exclusive provider of QuantiGene(R) and QuantiGene Plex(R) products for gene expression measurement and profiling, announced today that they have been awarded Frost & Sullivan's 2007 United States Drug Discovery Technologies Entrepreneurial Company of the Year Award. Frost & Sullivan, a global consulting firm, presented the award last week during the Awards Banquet in Orlando.

The Frost & Sullivan Entrepreneurial Company of the Year Award is presented each year to the small company that demonstrated superior entrepreneurial ability in its industry during the research period. This Award signifies the company's identification of a unique and revolutionary product solution with significant market potential. Additionally, the Award certifies that the company's marketing strategy is sound and poised for success.

Panomics' products, primarily highly quantitative single and multiplex RNA and protein analysis tools, are aimed at critical applications downstream of whole genome studies. For example, our products are used in gene silencing studies, cell signaling research and biomarker validation. Very recently, Panomics has been selected as the first provider of gene expression analysis technology to be adopted for primary high throughput screening at a top 5 pharma company, a development our customer believes will greatly improve productivity -- and reduce cost -- of drug discovery.

"The complexity of cellular signaling requires a multi-faceted approach in order to characterize all of the events occurring in a cell," states Frost & Sullivan Industry Analyst Shankar Sellappan, Ph.D. "Panomics has taken this strategy to heart and developed the concept of Parallel Quantitative Biology to recognize, measure and characterize these events. In addition, the applications of Panomics tec
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SOURCE Panomics Inc.
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