Partnership Creates Advanced Cancer Diagnostics System, Global Distribution
Network
SAN JUAN CAPISTRANO, Calif., and GLOSTRUP, Denmark, July 19
-- Clarient Inc. (Nasdaq: CLRT), a cancer diagnostics
services and technology company, and DakoCytomation, one of the world's
leading providers of cancer diagnostic tests and automated testing equipment,
today jointly announced the signing of a five-year Distribution and
Development Agreement that allows DakoCytomation to distribute Clarient's
digital cellular imaging and analysis system, called the Chromavision
Automated Cellular Imaging System (ACIS), as an adjunct to DakoCytomation's
suite of automated diagnostics equipment.
The agreement, based on a Letter of Intent between the two companies
previously announced on June 9, 2005, enables DakoCytomation to begin
distributing ACIS in North America in September 2005 and eventually expand
sales globally, covering more than 70 countries worldwide. The agreement also
contemplates that the companies will begin developing more advanced integrated
cancer diagnostics solutions and invest in the development of a next
generation system.
Through this partnership, DakoCytomation's market leading staining systems
will be marketed with Clarient's proven image analysis technology to help
pathologists and physicians make diagnostic and therapeutic decisions.
Accurate testing is a crucial factor in determining the appropriate therapy
and prognosis of a patient in the fight against cancer, said Jes Ostergaard,
President and CEO of DakoCytomation.
"This partnership supports our strategy of expanding the cancer diagnosis
market with new, sophisticated system solutions," said Ostergaard. "With the
growing number of targeted therapies now available, it is even more important
for doctors to identify the best treatment for an individual cancer patient.
For this reason, advanced diagnostic systems are an essential tool to
characterize and classify specific types of cancer."
Ron Andrews, President and CEO of Clarient, Inc., said that the Company
anticipates that the partnership will result in incremental placements over
the term of the contract.
"We believe this combination of two leaders in our respective markets will
allow us to set the pace and increase our penetration in the expanding field
of integrated diagnostic systems solutions," Andrews said. "DakoCytomation
has a proven global sales force that can leverage the benefits of the two
companies' product lines in world markets. Joining forces allows us to use
our synergies as we contemplate future development programs."
About DakoCytomation
DakoCytomation A/S is one of the world's leading providers of system
solutions for cancer diagnostics and cell analysis. Hospital and research
laboratories worldwide use DakoCytomation products to make precise diagnoses
and determine the most effective treatment of patients suffering from cancer
and other serious diseases. DakoCytomation is privately owned and
headquartered in Denmark. With more than 1300 employees and a presence in
more than 20 countries, DakoCytomation covers most of the global market.
Remaining markets are covered by distributors in 50 countries. For more
information, visit http://www.dakocytomation.com.
About Clarient, Inc.
Clarient provides market leading technologies, services and expert support
for the characterization, assessment and treatment of cancer, leading to more
accurate diagnoses by pathologists, more confident treatment decisions by
oncologists, a more efficient way to identify and develop pharmaceuticals and,
ultimately, better outcomes for patients. A majority-owned subsidiary of
Safeguard Scientifics, Inc., Clarient was formed in 1996 to develop and market
the Automated Cellular Imaging System (ACIS). This digital imaging and
assessment system allowed pathologists, for the first time, to obtain
potentially more reliable, reproducible quantitative results for a broad range
of slide-based diagnostic tests. In 2005, the ACIS and other leading
diagnostic technologies such as flow cytometry and genetic testing were
brought in-house to a state-of-the-art diagnostic laboratory and surrounded by
a team of premiere cancer specialists, forming the Clarient Diagnostic
Services business. This facility and the Clarient team support the efforts of
pathologists and the biopharmaceutical industry as a central resource for
cancer diagnostics, disease interpretation, remote pathology, and contract
research operations.
Clarient's mission is to provide critical information to clinicians that
will improve the quality and reduce the cost of patient care, and speed drug
discovery. Many of the top clinical laboratories, hospitals, university
medical centers and biopharmaceutical companies in the United States and
Europe are currently using Clarient technology and services. Clarient and
ACIS are registered trademarks of Clarient. For more information, visit
http://www.clarientinc.com.
About Safeguard Scientifics, Inc
Safeguard Scientifics, Inc. (NYSE: SFE) is a strategic growth partner for
companies in the Time-to-Volume stage of development. Time-to-Volume
companies are those that are generating revenues from a commercially viable
product or service, and are facing new challenges as they scale their
businesses to meet market opportunities. Focused primarily on the information
technology and life sciences sectors, Safeguard generally acquires majority
ownership interests in companies at this stage of growth. In addition to
expansion capital, Safeguard provides its companies a wide range of operating
and managerial expertise to drive their successful growth to become market
leaders. For more information about Safeguard and its strategy, visit
http://www.safeguard.com.
The statements herein regarding Clarient, Inc. contain forward-looking
statements that involve risks and uncertainty. Future events and the
Company's actual results could differ materially from the results reflected in
these forward-looking statements. Factors that might cause such a difference
include, but are not limited to, the Company's ability to successfully
implement its plans to change its name, to reorganize itself into separate
business units and to continue to expand its offerings of cancer diagnostic
laboratory services, biopharma services and in-sourcing of the Company's
Access remote pathology program, the performance and acceptance of the
Company's system in the market place, the Company's ability to expand and
maintain a successful sales and marketing organization, continuation of
favorable third party payer reimbursement for tests performed using the
Company's system, the ability to obtain additional financing for its business
on favorable terms or at all, unanticipated expenses or liabilities or other
adverse events affecting cash flow, uncertainty of success in developing any
new software applications, failure to obtain FDA clearance or approval for
particular applications, the Company's ability to compete with other
technologies and with emerging competitors in cell imaging and dependence on
third parties for collaboration in developing new tests and in distributing
the Company's systems and tests performed on the system, and risks detailed
from time to time in the Company's SEC reports, including quarterly reports on
Form 10-Q, reports on Form 8-K and annual reports on Form 10-K. Recent
experience with respect to ACIS placements, new contracts for placements,
revenues and results of operations may not be indicative of future results for
the reasons set forth above.
The company does not assume any obligation to update any forward-looking
statements or other information contained in this document.
For Clarient, Inc. Contact:
Stephen T. D. Dixon
Executive Vice President & CFO
(949) 443-3355
For DakoCytomation Contact:
Peter Hogsted
Investor Relations Director
(45) 22 78 35 00
Investors: Matt Clawson
Media: Len Hall
Allen & Caron, Inc.
(949) 474-4300
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