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Opening of Dublin DNA sequencing facility

23 Feb 2010 07:00

23 February 2010 Source BioScience plc (`Source BioScience' or `the Company') Dublin DNA sequencing facility

Source BioScience plc , the provider of expert, quality services to the healthcare, pharma biotech and life science research sector, is pleased to announce the opening of its new DNA sequencing laboratory based in Dublin, Ireland.

HIGHLIGHTS

* Source BioScience establishes a DNA sequencing services laboratory within Ireland * First commercial service provider to establish a sequencing lab in Ireland * Laboratory situated within Trinity College Dublin facilities * Dublin operation provides platform for increased penetration of vibrant Irish life science research market

Source BioScience has established a strong track record as a commercial laboratory, operating a network of DNA sequencing and genotyping facilities in the UK. These facilities are based around a central reference laboratory hub in Nottingham with satellite operations in Cambridge University, Oxford University and University College London.

The new facility in Dublin extends the Company's reach as it continues to build on its expertise in the DNA sequencing arena. Through collaborations and partnerships the facility will also further expand Source BioScience's network of core DNA sequencing facilities embedded in leading academic and research institutions. By operating these in-house facilities, the Company provides customers immediate access to a high quality service centred on the best laboratory practices and latest research tools.

Source BioScience is providing infrastructure and technology platforms in addition to employing technical staff and expertise to operate the Dublin facility, with further support available from its main laboratory in Nottingham. The new facility enables Source BioScience to expand its service offering directly into Ireland and beyond as well as opening up cross selling opportunities.

Under an agreement with Trinity College Dublin, Source BioScience will offer DNA sequencing to customers within the University and provide access to other services through the new facility, including access to its next generation DNA sequencing and genotyping platforms in Nottingham.

Dr Nick Ash, Managing Director of Source BioScience said; "We are delighted to be able to announce the extension of our DNA sequencing service offering into Dublin, establishing Source BioScience as the first commercial DNA sequencing provider with facilities in Ireland. Irish laboratories have an outstanding reputation in life science research and there was a significant opportunity to satisfy the unmet market need for a high quality local service provider. We are happy to take on that role and are already producing high quality data for our customers in Ireland."

For further information, please contact:

Source BioScience plcDr Nick AshManaging DirectorTel: +44 (0) 115 973 9010www.sourcebioscience.comSinger Capital Markets LimitedShaun Dobson/Claes Sp¥ngTel: +44 (0) 20 3205 7500www.singercm.comBishopsgate CommunicationsNick Rome / Gemma O'HaraTel: + 44 (0) 207 562 3350www.bishopsgatecommunications.com

About Source BioScience:

Source BioScience is a highly focused healthcare and biotechnology company providing diagnostic and screening services to the healthcare community and genetic analyses and biomolecular tools and products to the life science research and pharma biotech sectors.

Its Healthcare operations provide screening and reference laboratory diagnostic testing for cancer and other diseases and additional predictive testing for treatment optimisation for clinicians and patients. Pharma Biotech Services offers support for early stage therapeutic development, offering a 'one-stop shop' from tissue pathology, immunohistochemistry, sophisticated image analysis, biomarker determination and assay development to pharmacogenomics including genotyping and gene expression analysis. Life Science Research services provide core laboratory research support from conceptualization to implementation, calling upon a wide range of cutting-edge technology platforms including an online catalogue of biomolecular tools. This incorporates DNA sequencing, whole genome amplification and a comprehensive library of genomic reagents and clones including cDNA and RNAi, as well as facilitating rapid access to high quality antibodies, cell cultures, diagnostic assays for cancer and other genetic testing, and related research tools.

The Group has its headquarters in Nottingham, UK where it operates state of the art reference laboratory facilities, with additional laboratory facilities in London, Cambridge, Oxford and Dublin, Ireland. Source BioScience is CPA, GLP and GCP accredited and is licensed by the Human Tissue Authority.

Further information about Source BioScience can be found at www.sourcebioscience.com

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