MADISON,
WI - March 9, 2004- NimbleGen Systems Inc., producer of custom
high-density DNA microarrays using proprietary Maskless Array
Synthesis (MAS) technology, acquired all of the assets and patent
rights of Light Biology Inc., a startup biotechnology company
based on technology from the University of Texas Southwestern
Medical Center at Dallas.
This acquisition
further strengthens NimbleGen's patent portfolio surrounding the
synthesis of DNA microarrays. As part of the agreement, Dr. Harold
(Skip) Garner, professor of biochemistry and internal medicine
at UT Southwestern, will join NimbleGen's Scientific Advisory
Board.
Light Biology's
Digital Optical Chemistry (DOC) technology, invented by Dr. Garner,
designs and manufactures DNA microarrays, which are used in scientific
research to analyze the structure and function of genes at the
molecular level. But as an advance over previous microarray production
methods, Dr. Garner's DOC technology and NimbleGen's MAS technology
make newly designed microarrays faster than previous technologies
and customize them to particular subsets of an organism's genetic
material.
"These
microarrays can monitor levels of every gene of an organism that
is expressed in a disease," Dr. Garner said. "And the
technology can make the microarrays quicker and more cost effective,
furthering biomedical research. We have a strong collection of
ways in which this technology can be applied to cutting-edge scientific
research."
Using Texas
Instruments Digital Light Processing (DLP) technology,
Dr. Garner's DOC technology along with NimbleGen's MAS technology
gives researchers the ability to rapidly and cost effectively
analyze hundreds of thousands of small segments of genetic material
in a few hours. Traditional high-density microarrays often do
not allow customized analysis of different genetic subsets.
NimbleGen's
acquisition of Light Biology and its intellectual property will
allow it to enhance its operations in the United States. Dr. Stan
Rose, President and CEO of NimbleGen, said, "This transaction
further strengthens our position as the leading source of custom-designed,
high-density DNA microarrays. We're delighted to have Skip Garner
and Texas Instruments join the NimbleGen team and look forward
to their contributions to our ongoing efforts to provide flexible
tools that enable biologists to explore the structure and function
of any genome."
After developing
the business plans and negotiating with potential partners over
a period of time, Light Biology and UT Southwestern decided that
the right strategic move was to combine with another company that
was more advanced in its commercial development. "NimbleGen
had entered the market four years earlier and established a strong
leadership position," said Dr. Joe Allred, director of venture
development at UT Southwestern. "Merging the two gives the
company clear superiority making it the right choice for both
companies."
About
NimbleGen Systems Inc.
NimbleGen Systems provides customized high-density microarray
products and services with unprecedented flexibility for functional
genomics experiments. NimbleGen's technology combines photo-deposition
chemistry with digital light projection to shorten array fabrication
from months to less than three hours, and NimbleGen scientists
are aggressively developing and deploying new microarray applications
to speed discovery research. Customers benefit from extreme flexibility,
optimized array design, highly reproducible array fabrication
and statistically robust results-all with low cost and quick turnaround.