Transgenomic signs contract with OSI Pharmaceuticals for cancer genetic analysis

Apr 11 2007

Transgenomic has announced that it has signed a contract with OSI Pharmaceuticals to complete an analysis of specific cancer pathway genes.

The Company has developed a high throughput, high sensitivity methodology for characterizing genetic variants implicated in malignant neoplasia.

Through the development and use of high throughput genome scanning with proprietary endonucleases, forward and reverse Sanger sequencing, and unparalleled variant annotation, Transgenomic is unmatched in its reliability to detect pathogenic genetic mutations.

In making the announcement, Transgenomic's President and Chief Executive Officer, Craig Tuttle, stated, "The contract with OSI Pharmaceuticals enables Transgenomic to utilize its highly developed expertise in genetic variant detection to assist OSI Pharmaceuticals, Inc. in its development efforts.

This contract follows genetic analysis work done with other pharmaceutical companies. It is one of the ways Transgenomic can contribute to the development of therapeutics that benefits patients."

Transgenomic has unique proprietary expertise that enables highly sensitive detection of cancer causing genetic mutations making it one of the leading laboratories in the country for this service.