9th Jul 2007 07:00
Tepnel Life Sciences PLC09 July 2007 PRESS RELEASE Tepnel Life Sciences acquires Wildlife DNA Services and Food DNA Services to facilitate its expansion into clinical genotyping 9 July 2007: Tepnel Life Sciences (AIM: TED), the international MolecularDiagnostics and Research Products and Services group, today announced theacquisition of laboratory service providers Wildlife DNA Services and Food DNAServices. Food DNA Services provides high quality genetic information for identifying foodcomposition and origins, and will be integrated into Tepnel's existing foodsafety business. Wildlife DNA Services is an established provider of genotyping services,specifically in the area of wildlife crime investigation and wildlifeconservation. The acquisition will accelerate Tepnel's entry into the clinicalgenotyping market, broadening its service offering to the pharmaceuticalindustry. Tepnel's pharmaceutical services division is relocating to a newstate-of-the-art facility in Livingston, Scotland. The facility willaccommodate Tepnel's protein analysis and genomic testing laboratories as wellas the Company's analytical chemistry, bioanalysis and microbiology facilities. It will also be used to develop epigenetic and next generation genotypingcapabilities. Wildlife DNA Services will be integrated into this highthroughput genotyping service and supply the hands-on expertise necessary tofacilitate Tepnel's entry into the clinical genotyping market place. Clinical genotyping is a growing area of genetic analysis with the potential tolead to personalised medicine in the future. Clinical genotyping works bylinking a patient's genetic makeup to their response to particular drugs,enabling specialists to establish which treatment will benefit an individual. Tepnel's Chief Executive Officer, Ben Matzilevich, said: "We are very pleased toannounce our acquisition of these two profitable companies. These are nichebusinesses and we anticipate significant benefits from having acquired highlytrained staff, proven capabilities and scientific expertise and instrumentation. The acquisition of Food DNA Services will further strengthen our food safetyoperations in Wales." Financial details of the transaction were not disclosed but include up-frontpayment combined with revenue-based earn-out over three years. -Ends- For further information: Tepnel Life Sciences plcBen Matzilevich, CEOCarol SmithTel: 0161 946 2200 Capital MS&LMary Clark or Catie CorcoranTel: +44 20 7307 5330 Seymour Pierce LimitedMark PercyTel: +44 20 7107 8000 Notes to Editors: About Tepnel Life Sciences plc Tepnel Life Sciences (AIM:TED) is a UK-based international life sciencesproducts and services group with two divisions, Molecular Diagnostics andResearch Products & Services. The Company has laboratories, manufacturing andoperations in the USA, UK and France with 195 employees. Tepnel provides test kits, reagents and services to two highly synergisticmarkets, these being Molecular Diagnostics and Biomedical Research. The company's strategy has been to identify high growth niche opportunitieswithin these multi-billion pound markets. Tepnel focuses on these opportunitieswith internally developed products, patents, expertise and know-how as well asstrategic acquisitions, to develop a leadership position within these definedmarket segments. About Wildlife DNA Based in North Wales, UK, Wildlife DNA Services (WDNAS) is an independentorganisation dedicated to providing genetic information for wildlifeconservation and wildlife crime investigation. Established in 2003, the company offers theoretical and practical expertise forprojects worldwide. WDNAS follows international forensic protocols and itsservices include species identification, parentage analysis and geographicorigin identification. WDNAS provides expert witness testimony and its forensic results are admissibleas evidence in court. About Food DNA Services Food DNA Services was created in 2005 to meet the needs of commercial andgovernmental bodies at all levels of the food supply chain by providing highquality genetic information for identifying food composition and origins. Based at the University of Wales, Food DNA Services is a laboratory andconsultancy service for the genetic analysis of foodstuffs. Its aim is tomaximise the efficiency of food production, increase food quality and enableregulation of food supplied to the consumer by providing tailor-made research tothe food industry and public analysts. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
TED.L