Chiroscience Group - Re Subsids Patent Approval
29 Aprile 1999 - 9:32AM
UK Regulatory
RNS No 3974u
CHIROSCIENCE GROUP PLC
29 April 1999
CHIROSCIENCE GROUP PLC
Rapigene Gains Approval of Core Genomics Technology Patents in Europe
Rapigene Inc., a subsidiary of Chiroscience Group plc, announces that the
company has received notices from the European Patent Office approving three
new European patents relating to the company's proprietary methods for genomic
measurement. The patented compounds and methods provide unprecedented speed,
accuracy and flexibility in DNA analysis.
Specifically, the patents relate to Rapigene's proprietary cleavable mass
spectrometry tags, or CMSTs, an integral part of the company's MasscodeTM
system for genomic analysis.
CMSTs are small molecules, or tags, that can be attached by a linker to an
oligonucleotide, so that individual DNA can be tracked, mapped and analyzed.
The linker may be easily cleaved, and the tag, with its known molecular
weight, can be detected by ordinary mass spectrometry.
Rapigene's CMST technology is the first to make it possible to measure
hundreds of tags simultaneously. This makes the system ideally suited for the
rapid acquisition of the large amounts of information required for genetic
research. Historically, researchers have had to rely on fluorescence-based
techniques to measure DNA. Currently fluorescence enables only four to six
measurements to be made at one time,
"We believe that the Masscode system provides dramatic performance
improvements over existing methods of DNA analysis. It is a particularly
important development in the detection of single nucleotide polymorphisms
(SNPs) - a significant application of the technology as the pharmaceutical and
agricultural industries now focus on SNPs as the standard genetic marker,"
said Nick McCooke, Rapigene's President and Chief Operating Officer.
"Rapigene plans to use this technology to help pharmaceutical companies better
understand how genetic factors influence the response of patients to their
drugs, increasingly a critical factor in their success."
Dr John Padfield, Chief Executive Officer of Chiroscience Group plc,
commented:
"We are very pleased these patents have been approved. They will protect the
technology that both Chiroscience and third parties can employ for genomic
discovery and was used, for example, in the discovery of a gene responsible
for the control of an immune response that we announced last September. These
Rapigene patents form part of the intellectual capital that we acquired with
Darwin Molecular two years ago, with the bulk of the remainder now being
within our Chiroscience R&D Inc subsidiary "
Enquiries:
Rapigene Inc, Seattle Tel: (425) 398-3140
Nick McCooke, President
Karen Hedine, Vice President, Business Development
email: hedine@darwin.com
Cindy Leggett-Flynn, Communications Tel: (917) 859 0674
email: leggett@darwin.com
Chiroscience Group plc Tel: +44 (0)1223 420430
Dr John Padfield, Chief Executive
David Dible, Head of Media and Investor Relations
http://www.chiroscience.com
Financial Dynamics Tel: +44 (0)171 831 3113
Giles Sanderson/Victoria Springett
NOTES FOR EDITORS
Rapigene Inc.
Rapigene is a wholly owned, but operationally distinct, subsidiary of
Chiroscience Group plc. The company has developed the MasscodeTM system for
high throughput genomics measurement. The Masscode system is a mass
spectrometry based technology for the rapid, automated and cost-effective
discovery and detection of single nucleotide polymorphisms (SNPs). Rapigene
plans to use this technology to help pharmaceutical companies better
understand how genetic factors influence the response of patients to their
drugs, increasingly a critical factor in their success.
Chiroscience Group plc is an emerging pharmaceutical company with two distinct
parts; Chiroscience R&D, the company's core pharmaceutical products business,
and the specialist service businesses, ChiroTech and Rapigene.
Chiroscience R&D uses its 'gene-to-drug' skills base to discover and develop
innovative small-molecule pharmaceuticals for the treatment of inflammation,
pain, cancer, osteoporosis and auto-immune disease. Chirocaine, its long-
acting local anaesthetic is close to market.
ChiroTech is a profitable business that is a world leader in the provision of
specialist chiral chemistry services and products. Its customer base of major
pharmaceutical companies is growing rapidly. Strategic alliances with a
number of global partners have broadened the range of products and services
that ChiroTech can offer.
Chiroscience Group plc is listed on the London Stock Exchange and is based in
Cambridge and Stevenage, UK, and Seattle, Washington, USA.
END
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