|
SAN
DIEGO, March 22, 2005 /PRNewswire-FirstCall via COMTEX/
-- Nanogen, Inc. (Nasdaq: NGEN) and Pathway Diagnostics
announced today that they have entered into a nonexclusive,
worldwide license agreement under which Nanogen will
develop diagnostic products that detect genetic variations
associated with responses to antidepressant and antipsychotic
therapeutics. The companies have begun work on developing
a molecular diagnostic product that could be used
to select the most appropriate drug and dosage for
patients treated for psychiatric diseases. Specific
financial terms of the agreement were not disclosed.
In the U.S., schizophrenia
affects more than 2 million people each year, and
more than 20 million people suffer from depression.
Although many therapeutic options are available for
patients suffering from these conditions, for some
patients the side effects of drug therapy can range
from unpleasant to life-threatening. Determining optimal
drug regimens and dosing strategies are challenges
that are currently addressed by trial-and-error prescribing
practices. Side effects may be caused by a variety
of factors, including variations in genes that are
targets of the drugs or are involved in drug response.
In addition to the negative effect on an individual's
health, significant direct and indirect costs are
associated with these adverse drug responses.
"We are optimistic
that Nanogen's partnership with Pathway Diagnostics
will result in exciting products that will contribute
to more personalized medical treatments," said
Howard C. Birndorf, Nanogen's chairman of the board
and CEO. "Because our NanoChip(R) platform can
simultaneously analyze multiple genetic markers, we
have the capability to develop a diagnostic panel
to detect these newly licensed genetic variations,
along with genes in the cytochrome P450 family that
are related to drug metabolism, in order to allow
the physician to prescribe the right drug at the right
dosage."
"We are committed
to developing novel biomarkers that will improve the
quality of health care," said Sanford S. Zweifach,
CEO of Pathway Diagnostics. "This agreement with
Nanogen represents an important milestone for our
company as we work with commercial partners to convert
our proprietary assays into diagnostic products."
About Nanogen, Inc.
Nanogen's advanced
diagnostics provide physicians and patients worldwide
with sophisticated information to predict, diagnose
and treat disease. Research and clinical reference
labs use the highly accurate and reliable NanoChip(R)
Molecular Biology Workstation, NanoChip(R) Electronic
Microarray and broad suite of analyte specific reagents
to develop tests to detect infectious diseases, drug
toxicity and mutations associated with cancer, cardiovascular
and genetic diseases. The next generation instrument
system, the NanoChip(R) 400, is expected to be available
in 2005. Nanogen's subsidiary SynX offers a line of
point-of-care diagnostic tests and is building expertise
in cardiac related health conditions. Nanogen's ten
years of pioneering research involving nanotechnology
may also have future applications in medical diagnostics,
biowarfare and other industries. For additional information
please visit Nanogen's website at www.nanogen.com.
About Pathway Diagnostics
Pathway Diagnostics
develops and commercializes novel, proprietary biological
markers. The company in-licenses proprietary biomarkers,
develops them into validated assays, offers the assays
as part of its clinical trials testing service, and
commercializes them as diagnostic tests in partnerships
with leading diagnostics manufacturers and national
laboratories. More information is available at www.pathwaydx.com.
SOURCE Nanogen, Inc.
Robert
Saltmarsh, Chief Financial Officer of Nanogen, Inc.,
+1-858-410-4600; or Bart
Thielen, Chief Financial Officer of Pathway Diagnostics
Corporation, +1-310-774-3560
|