We've updated our Privacy Policy to make it clearer how we use your personal data.

We use cookies to provide you with a better experience. You can read our Cookie Policy here.

Advertisement
Cyntellect Receives $2.2 Million Milestone Payment From Sigma-Aldrich
News

Cyntellect Receives $2.2 Million Milestone Payment From Sigma-Aldrich

Cyntellect Receives $2.2 Million Milestone Payment From Sigma-Aldrich
News

Cyntellect Receives $2.2 Million Milestone Payment From Sigma-Aldrich

Read time:
 

Want a FREE PDF version of This News Story?

Complete the form below and we will email you a PDF version of "Cyntellect Receives $2.2 Million Milestone Payment From Sigma-Aldrich "

First Name*
Last Name*
Email Address*
Country*
Company Type*
Job Function*
Would you like to receive further email communication from Technology Networks?

Technology Networks Ltd. needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, check out our Privacy Policy

Cyntellect, Inc. has announced that it has received a $2.2 million equity purchase milestone payment from Sigma-Aldrich.

The milestone payment represents Cyntellect's satisfaction of certain terms and conditions under the two companies' exclusive Cell Xpress™ service commercialization agreement executed one year ago.

Sigma-Aldrich will employ Cyntellect's LEAP™ system to support its Cell Xpress service business to identify and clone high-producing cells used in manufacturing of biopharmaceuticals (such as recombinant proteins and monoclonal antibodies) and diagnostic antibodies.

"We are pleased to have achieved the next level in our relationship with Sigma-Aldrich, and we look forward to supporting their success in globally commercializing Cell Xpress," stated Fred Koller, Ph.D., President and Chief Technology Officer of Cyntellect.

Cell Xpress is based upon Cyntellect's proprietary LEAP (Laser Enabled Analysis and Processing) platform, which is designed to enable a high-throughput process for in situ measurement of protein secretion on an individual cell basis, coupled with laser-based elimination of undesired cells.

As a result, Cell Xpress directly clones the cells secreting the highest amounts of protein.

The automated capabilities of LEAP also provide for further process improvements by facilitating the integration of culture media optimization with the cell cloning process, in addition to detailed documentation about the clonal and growth history of each cell line that is developed to comply with FDA requirements.

Advertisement