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Caliper Completes Strategic Sale of Small Animal Services Subsidiary to Taconic
Date:12/14/2009

HOPKINTON, Mass., Dec. 14 /PRNewswire-FirstCall/ -- Caliper Life Sciences, Inc. (Nasdaq: CALP), a leading provider of tools and services for drug discovery and life sciences research, today announced that it has completed the sale of Xenogen Biosciences Corporation ("XenBio"), a subsidiary which provides in-vivo pre-clinical CRO services, to Taconic Farms, Inc. for approximately $11 million. XenBio was acquired by Caliper as part of Caliper's acquisition of Xenogen Corporation in 2006. Caliper will host a conference call to discuss the transaction today, Monday, December 14, at 1:00 pm EST.

The transaction strengthens Caliper's IVIS® imaging tools business, representing another step in Caliper's continuing strategy to divest non-core assets in order to further enhance its focus on its core products, applications and services strengths. Approximately 90% of XenBio's business relates to animal production and phenotyping services which are not essential to growing Caliper's core IVIS instrumentation business. The sale of XenBio to Taconic significantly improves Caliper's current cash position, and is expected to have minimal impact on Caliper's bottom-line performance and cash flows in 2010.

Taconic's expertise as one of the largest rodent providers in the world is expected to enhance the supply and availability of Caliper's Light Producing Transgenic Animal (LPTA®) models for Caliper's IVIS customers. Concurrent with the sale of XenBio, Caliper and Taconic have entered into strategic partnership and licensing agreements under which Taconic will become the distributor of Caliper's LPTA models and will obtain non-exclusive rights to perform imaging services under Caliper's extensive patent estate in this field. The LPTA mouse strains to be distributed by Taconic were
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SOURCE Caliper Life Sciences, Inc.
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