Ryan - I thought glgc earnings were Thursday -
but Yahoo says 3/2. I'll check on it.
Gene Logic says completes gene expression survey
GAITHERSBURG, Md., Feb 29 (Reuters) - Genomics biotech company Gene Logic Inc. (NasdaqNM:GLGC - news) said on Tuesday it has completed a human gene expression survey of normal human tissue samples of 40 major organs that it aims to sell to drug makers.
Gene expression measures the degree to which genes in a cell are switched on or off, or regulated, the company said.
The combination of the sequences of the human genes and the knowledge of the genes' activity is used by the company's drug and biotechnology customers to speed up their drug discovery and development efforts.
Gene Logic sells its gene expression database products to pharmaceutical, healthcare and life sciences companies.
The company currently has 1500 complete tissue profiles, and by the end of 2003, the databases are expected to contain complete profiles on 30,000 tissue samples.
These databases contain gene expression profiles of many human diseases. The information can be used for many aspects of drug discovery and development, including target discovery, molecular profiling of drugs, design of clinical trials and ultimately, disease management for individual patients, the company said.
Shares of Gene Logic closed at 106-1/2 on Monday, off a 52-week high of 131-3/8, up from a low of 3-3/8. |
