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| PRO-DNA Diagnostic acquires the human identification activities of PROCREA BioSciences NEWS RELEASE For immediate release PRO-DNA Diagnostic acquires the human identification activities of PROCREA BioSciences MONTREAL, February 12th 2002/CNW/ - PRO-DNA Diagnostic announced that it has reached an agreement to acquire the human identification activities of PROCREA BioSciences. This agreement includes the transfer of activities, client base, trademarks and the Internet site related to PaternitestMC . “This agreement is important for us since it enables us to maintain our leadership position in the field of human identification but most importantly it allows us to work with PROCREA over the next few years. We are at the beginning of genomic applications and in order to be competitive in word markets our local organisations must work closer together to succeed in offering to the community all the best in the field of DNA,” confirms Normand Beauchamp, president of Pro-ADN Diagnostic. “PROCREA, following this transaction, can now focus its activities further in line with its stated vision, which is to use biotechnologies in order to innovate in the diagnostic, the therapy and the prevention of disease related to reproductive medicine, notably in infertility and in human genetics, adds François Schubert, president and chief executive officer, PROCREA Bioscience. Also, in our search for a partner in the field of human identification, it was important to us that our customers could count on a reliable laboratory with an extensive expertise in the field of human identification. PRO-DNA Diagnostic met all of our criteria.” Both companies have agreed to work together over the next few months in order to enlarge commercial possibilities between their respective organisations in the field of genetics. Founded in 1995, Pro-DNA Diagnostic is a biotechnology company that brings together a team of experienced professionals and leading-edge technologies in the field of molecular diagnostics. By marketing its services in the fields of human identification testing and molecular medicine, it is able to pursue its genomics R&D activities. Founded in 1990, PROCREA is a leading-edge Canadian biotechnology company in the field of reproductive medicine. Since 1996, PROCREA has operated a genetics service and an R&D service of the highest quality. Its level of success and quality of the services offered by its medical and professional personnel explains its excellent reputation in Quebec and abroad. For more information, visit our Internet site at : www.procrea.com . For more information, contact: Joseph De Vido Hélène Girard PRO-DNA Diagnostic PROCREA BioSciences jdevido@proadn.com hgirard@procrea.com (514) 253-9211 (514) 345-9877, poste 258 1 877 ADN-6444 1 888 PROCREA www.proadn.com www.procrea.com |
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