Published on March 19, 2010 at 2:06 AM
Haemonetics Corporation (NYSE: HAE), a global blood management solutions company, today announced that it has entered into a reagent development and supply agreement with Quotient Biodiagnostics Group and its wholly owned subsidiary Alba Bioscience Limited. This arrangement provides Haemonetics with exclusive access to Alba's comprehensive catalogue of approved reagents for use in connection with the commercialization of its Arryx laser based blood typing platform. The arrangement includes future milestone payments in connection with the optimization of reagents for use in the Arryx system. Access to the reagents for commercialization is provided through a perpetual license.
Brian Concannon, Haemonetics' President and CEO, said, "Blood typing represents a future $1 billion market opportunity for Haemonetics through the ongoing development of our Arryx technology. I am pleased to report this important milestone in our innovative nano-technology development program targeted at the blood diagnostics market. We look forward to updating our shareholders on our progress with Arryx at our upcoming investor day scheduled for May 13th."
Paul Cowan, Chairman of Quotient Biodiagnostics, said, "We are pleased to be working with Haemonetics on this exciting new technology platform for the transfusion diagnostics market. Alba's portfolio of world-leading blood typing reagents will no doubt serve to facilitate and accelerate the development of the Arryx platform for Haemonetics."
SOURCE Haemonetics Corporation