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Transgenomic Reports Fourth Quarter Financial Results
Date:2/24/2010

the quarter we signed an exclusive licensing option with Gene Solutions for a set of validated mutations found in Parkinson's disease patients that can form the basis of a novel and accurate diagnostic test that will work with Transgenomic's mitochondrial mutation detection technology.  In addition, we completed the clinical validation in our CLIA lab of the NuroPro® Parkinson's disease test, fulfilling the terms of our licensing and collaboration agreement with Power3 Medical. We continue to be in full compliance with the license terms, maintaining our worldwide rights to this exclusive license."

Commenting on the sales of instruments, Mr. Tuttle went on to say, "As we had anticipated, the timing of several OEM instrument sales that shifted from the third quarter to the fourth led to significant revenue growth on a sequential quarter basis.  Our OEM sales were extremely strong in the fourth quarter and, as the economy improves, we hope to see continued strength here."

Conference Call

Company management will discuss fourth quarter and full year 2009 financial results and answer questions during a conference call today beginning at 5:00 p.m. Eastern time. To access the call via telephone, please dial 800-862-9098 or 785-424-1051.  The call also will be broadcast live over the Int
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SOURCE Transgenomic, Inc.
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Related medicine technology :

1. Transgenomic Demonstrates Very High Sensitivity Detection of Tumor-Associated KRAS Mutations in Matched Plasma Samples Using COLD-PCR
2. Transgenomic, Inc. Executes License Option agreement for Parkinsons Disease Diagnostic Markers with Gene Solutions, LLC
3. Reminder Webcast Alert: Transgenomic, Inc. Announces Third Quarter 2009 Earnings Release Conference Call Webcast
4. Webcast Alert: Transgenomic Inc. Announces Third Quarter 2009 Earnings Release Conference Call Webcast
5. Transgenomic Signs Exclusive License for Cold-PCR Technology From the Dana-Farber Cancer Institute
6. Transgenomic and Power3 Medical Complete Agreement for Exclusive License of Neurodegenerative Biomarker Test
7. Transgenomic Establishes Collaboration With the National Cancer Institute to Investigate Mitochondrial Genome and Associated Nuclear Genes in Cancer Cell Lines
8. Transgenomic Announces New Contracts for Phase II Trials With Two Major Pharmaceutical Companies
9. ViroPharma Incorporated Reports Fourth Quarter and Full Year 2009 Financial Results
10. Par Pharmaceutical Companies Reports Adjusted EPS of $0.65 for Fourth Quarter 2009
11. Onyx Pharmaceuticals Reports Record Full Year and Fourth Quarter 2009 Financial Results
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