Sentigen Announces Issuance of Patent
June 08 2006 - 2:36PM
Business Wire
Sentigen Holding Corp. (Nasdaq: SGHL) today announced the issuance
of U.S. Patent No. 7,049,076 entitled "Method for Assaying
Protein-Protein Interaction," covering the core methods underlying
the company's Tango(TM) Assay System. The Tango Assay System was
designed to allow the detection of virtually any protein-protein
interaction in a cell with exceptional sensitivity and selectivity.
While this issued patent includes claims for the use of the
technology for any class of protein drug targets, the company is
currently applying the Tango Assay System to accelerate the
discovery and testing of new therapeutics that target G
Protein-Coupled Receptors (GPCRs), widely believed to represent the
most successful class of drug targets. The selectivity and
sensitivity of the Tango technology should enable the de-orphaning
of GPCRs using complex biological mixtures, such as tissue
extracts. "This issued patent provides Sentigen Holding Corp. with
a clear-cut intellectual property position on our core technology,
the Tango Assay System," said Sentigen Holding Corp. CEO Thomas
Livelli. "We believe this technology has substantial potential for
the discovery of novel drug candidates that target G Protein
Coupled Receptors and for evaluating the cross-reactivity of drug
candidates across the 'universe' of GPCRs in the human genome." The
company has developed Tango Assays for over 100 GPCRs, as well as
receptor tyrosine kinases, cytokine receptors, and nuclear hormone
receptors. The company has ongoing technology evaluation agreements
with a number of pharmaceutical and biotechnology companies. A
subset of these evaluation agreements has been completed and has
led to the signing of master service agreements. Future
developments of additional applications and the commercialization
of the Tango technology will be carried on at the company's
facilities in North Wales, PA. The company has filed and
anticipates filing further patent applications both domestically
and abroad related to the Tango technology. Forward Looking
Statements This news release includes forward-looking statements
that involve risks and uncertainties. Although the Company believes
such statements are reasonable, it can make no assurance that such
statements will prove to be correct. Such statements are subject to
certain factors that may cause results to differ materially from
the forward-looking statements. Such factors include the risk
factors discussed in the Company's filings with the Securities and
Exchange Commission, including its most recent Annual Report on
Form 10-K, a copy of which may be obtained from the Company without
charge, including the risk that the Tango technology may not gain
significant commercial acceptance in the marketplace. Management
intends to continually review the commercial validity of the Tango
Assay System, its applicability to functionalizing orphan GPCRs and
the prospects of our new novel molecular profiling system in order
to make the appropriate decisions as to the best way to allocate
our limited resources. While we believe our technology capabilities
are substantial, up to this point, we have incurred substantial
operating losses. Although we have completed several evaluation
agreements and converted a subset of these into master service
agreements, no significant revenues have been realized from our
Tango technology and no assurance can be given that we will be able
to realize significant revenues in the future. The Company
undertakes no obligation to publicly release results of any of
these forward-looking statements to reflect events or circumstances
after the date hereof or to reflect the occurrence of unexpected
results. About Sentigen Sentigen Holding Corp. conducts business
through two wholly-owned operating subsidiaries: Cell &
Molecular Technologies, Inc. and Sentigen Biosciences, Inc. For
more information on our companies, please visit their respective
websites: www.cmt-inc.net and www.sentigen.com.
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