GeneThera Selects Tecan Platform as Standard for Mad Cow Testing Using Live Animal Test Assay Thursday March 16, 10:30 am ET
WHEAT RIDGE, Colo.--(BUSINESS WIRE)--March 16, 2006--GeneThera, Inc. (OTCBB: GTHA - News) today announced that the Company has chosen the Tecan Freedom EVO (TM) system for installation in each testing facility the Company opens in the future as well as in its Wheat Ridge, Colo., lab to aid in its test process for Mad Cow Disease as well as other veterinary diseases. ADVERTISEMENT
"The Tecan product is a superior system that will allow GeneThera to streamline our live animal blood testing and allow us to automatically run our tests with 100% accuracy," said Dr. Tony Milici, CEO. "We have standardized on the Freedom EVO® system which will allow for each lab to come on-line much sooner without the delay of training personnel on new products and procedures. All training will be done in our Wheat Ridge facility prior to sending each new system to our international labs."
"We are proud to have GeneThera select Tecan as their equipment and testing partner," said Jeff Aufmann, Tecan's Vice-President of Sales. "To have the opportunity to advance GeneThera's live animal testing assay with our product and to work with Dr. Milici throughout GeneThera's labs is of great importance to our Company."
ABOUT GENETHERA, INC.:
GeneThera, Inc. is a molecular biotechnology company located in Wheat Ridge, Colo. The Company provides genetic diagnostic solutions for the veterinary and agricultural industries with future plans to include the healthcare industry. The Company's proprietary diagnostic solution is based on a genetic expression assay, GEA(TM), a protocol designed to function on a highly automated Fluorogenic PCR platform. This platform enables GeneThera to offer tests that are presently not available from other technologies. The GEA is designed for a host of individual diseases, the current priority being Mad Cow disease, Chronic Wasting Disease, a disease affecting elk and deer in North America; E.Coli 0157:H7 and Johnne's Disease, diseases affecting cattle worldwide.
ABOUT TECAN:
Tecan (www.tecan.com) is a leading player in the Life Science supply industry that specializes in the development, production, and distribution of solutions enabling the discovery of pharmaceutical substances, as well as for genomics, proteomics, and diagnostics. Through its subsidiary REMP (www.remp.com) Tecan is a leading supplier of compound and sample storage, managerial and logistic solutions. Tecan clients are leading pharmaceutical and biotechnology companies, university research departments and diagnostic laboratories. Founded in Switzerland in 1980, the company has manufacturing, research and development sites in both North America and Europe and maintains a sales and service network in 52 countries. In 2005, Tecan achieved sales of CHF 344.9 million (USD 275.9 million; EUR 222.5 million). Registered shares of Tecan Group are traded on the SWX Swiss Exchange (TK: TECN / Reuters: TECZn.S / Valor: 1210019).
"Safe Harbor" Statement: Certain statements in this release are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to numerous risks and uncertainties. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, the Company's ability to meet the terms and conditions required to obtain its project financing, risks and delays associated with product development, risk of market acceptance of new products, risk of technology or product obsolescence, competitive risks, reliance on development partners and the need for additional capital.
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