Hayward, California
November 11, 2003
New Multi-Million Dollar Pact Builds on Relationship Initiated
in 1998
Lynx Therapeutics, Inc.
(Nasdaq: LYNX) has signed a new multi-year, multi-million dollar
services agreement with DuPont.
Through this agreement, DuPont will be able to continue using
Lynx technology to enhance discovery and development of new
agricultural traits and products.
Lynx and
DuPont currently work together under a five-year agreement
initiated in 1998. Both the current and new agreements focus on
use of Lynx's Massively Parallel Signature Sequencing (MPSS(TM))
technology.
"We are
extremely pleased that DuPont continues to believe strongly that
Lynx MPSS(TM) technology contributes to their well-established
track-record of using new technology to enhance its product
development programs," said Kevin P. Corcoran, president and
chief executive officer at Lynx. "We are enthusiastic about our
continuing work with DuPont and look forward to ongoing
productive and mutually beneficial interactions."
DuPont
subsidiary, Pioneer Hi-Bred
International, Inc. -- the first agricultural plant genetics
company to enter into the field of genomics for plant
development -- has been utilizing the Lynx MPSS(TM) technology
for rapid identification and characterization of genes involved
in controlling plant traits. Pioneer will continue to use this
key technology to characterize gene expression in commercially
important crops, and to build a comprehensive catalog of gene
expression, accelerating the development of new agricultural
products for Pioneer customers worldwide.
"The
Lynx technology has proven to be a powerful tool for DuPont
researchers developing superior products," said Bill Niebur,
vice president, DuPont crop genetics research. "The high
sensitivity of this technology brings strength to our genomics
program by providing us with a view of gene expression that
other technologies don't offer."
DuPont
is a science company headquartered in Wilmington, Del. Founded
in 1802, DuPont puts science to work by solving problems and
creating solutions that make people's lives better, safer and
easier. Operating in more than 70 countries, the company offers
a wide range of products and services to markets including
agriculture, nutrition, electronics, communications, safety and
protection, home and construction, transportation, apparel, home
and textiles. Pioneer Hi-Bred International, Inc., a subsidiary
of DuPont, is the world's leading source of customized solutions
for farmers, livestock producers and grain and oilseed
processors. With headquarters in Des Moines, Iowa, Pioneer
provides access to advanced plant genetics, crop protection
solutions and quality crop systems to customers.
Lynx is a leader in the development and application of novel
genomics analysis solutions that provide comprehensive and
quantitative digital gene expression information important to
modern systems biology research in the pharmaceutical,
biotechnology and agricultural industries. These solutions are
based on Megaclone(TM) and MPSS(TM), Lynx's unique and
proprietary cloning and sequencing technologies.
MPSS(TM) is a trademark of Lynx Therapeutics, Inc. |