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Biotech / Medical : Molecular Dynamics

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To: rebecca who wrote (5)2/14/1997 10:25:00 PM
From: Philip H. Lee   of 153
 
>what is the relationship between mdyn and affx.<

I came across the following info. It may not describe the complete situation.
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AFFX IPO Prospectus, p. 37-38.

"The Company has a supply agreement with Molecular Dynamics for its current scanner, which can read up to 64,000 features per 1.28x1.28 centimeter probe array. The Company's HIV probe array currently has 20,000 features on a 1.28x1.28 centimeter probe array and may be used with the Molecular Dynamics scanner. The Company expects to purchase scanners from Molecular Dynamics through the end of 1996.

As part of the Company's collaboration with HP, HP is developing a higher resolution scanner. The HP scanner is designed to read probe arrays with up to 400,000 features per 1.28x.1.28 centimeter probe array. The Company expects that the HP scanner will be commercially available for use with the Company's probe arrays in 1997."

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Investor's Business Daily, Friday, Feb. 14, 1997, pg. A19.
Summary of AFFX paragraph follows:

IBD mentioned that, according to CS First Boston analyst Jeffrey R. Swarz, AFFX will introduce next week an instrument co-developed with Hewlett-Packard that will provide faster analysis of gene-sequencing information.

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Philip
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