SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?


To: R. Jaynes who wrote (19281)11/28/2000 11:30:26 AM
From: Spice, J. K.  Read Replies (1) | Respond to of 26039
 
Motorola and Compugen Sign Agreement to Design DNA Biochips
Date(s): 11/28/2000 9:04:00 AM

NORTHBROOK, Ill. & JAMESBURG, N.J.--(BW HealthWire)--Nov. 28,
2000--Motorola Inc. (NYSE:MOT) and Compugen Inc., a wholly-owned
subsidiary of Compugen Ltd. (Nasdaq:CGEN), announced today that
they have entered into an agreement for the development and
manufacture by Motorola Life Sciences of a number of DNA biochips
using Compugen's chip design services.

This marks the first commercial agreement for Compugen's biochip
design services based upon its LEADS platform and proprietary DNA
chip design tools.

Compugen's LEADS platform and proprietary DNA chip design tools
improve scientists' ability to capture both the exact genes of
interest, and alternative splice variants of these genes. This
feature is designed to capture the biologically active variant of
genes, a major advance in the functionality of biochips.
Compugen's LEADS technology is an algorithm-driven bioinformatics
platform for the analysis and mining of genomic, expressed and
protein sequence data.

Through this agreement Motorola will utilize Compugen's biochip
design services to develop, manufacture and commercialize selected
DNA biochips. Financial terms were not disclosed. The
commercialization provision offers Motorola's customers access to
further related bioinformatic services through a link to
LabOnWeb.com, Compugen's life science research engine for genomic,
proteomic and transcriptomic analysis. These bioinformatic
services will also include exclusive information obtained from
Compugen's proprietary databases.

"We are very pleased to have been chosen to partner with Motorola,
one of the world's leading technology companies, as they create
high quality bioarrays to advance healthcare in the post-genomics
era," said Eli Mintz, President of Compugen Inc.

"Motorola is continuing its commitment to quality and customer
service in the life sciences arena, which includes continually
building our depth in genomic technologies," said Nicholas
Naclerio, vice president and general manager of Motorola's BioChip
Systems business. "We believe that Compugen's LEADS technology
platform and DNA chip design tools offer significant potential to
enhance the utility and applications for DNA biochips. We are very
pleased to begin this relationship."