News & Events
BD and QIAGEN Agree to form Joint Venture
Contacts:Ronald Jasper
Director, Investor Relations
BD
201.847.7160
Peer M. Schatz
Chief Financial Officer
QIAGEN N.V.
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Franklin Lakes, NJ
(August 31, 1999) --
QIAGEN N.V. (Nasdaq: QGENF, Frankfurt Neuer Markt: QIA) and Becton, Dickinson and Company (NYSE: BDX) today announced their agreement to form an equally-owned, worldwide joint venture in the area of sample collection and processing for molecular diagnostic testing.
The purpose of the Swiss-based joint venture, named PreAnalytiX GmbH, will be to develop, manufacture, and market integrated systems for the collection, stabilization, and purification of nucleic acids (DNA and RNA) for molecular diagnostic testing. It is expected that PreAnalytiX will launch its first product in late 2000.
“As molecular diagnostic testing moves into the clinical laboratory environment, products used to collect and process samples will need to be standardized,” said Rick Brajer, Worldwide President, BD Preanalytical Solutions. “Safe, easy-to-use products that are compatible with clinical laboratory practices must be developed to eliminate the complexity of DNA and RNA processing. These standardized products are expected to significantly improve specimen quality and enhance the accuracy of test results. We believe the shared vision and synergies between BD and QIAGEN will enable PreAnalytiX to develop unique preanalytical solutions that will benefit the entire diagnostic industry.”
“This is a very significant alliance for QIAGEN,” said Dr. Metin Colpan, QIAGEN’s Chief Executive Officer. “Our customers are faced with the challenging tasks of collecting, stabilizing and purifying nucleic acid samples prior to analysis. PreAnalytiX will soon offer innovative solutions for these challenges. PreAnalytiX’s objective is to offer a standardized, integrated, and optimized package to prepare and deliver ready-to-use nucleic acids for any molecular test.” Dr. Helge Bastian, Business Unit Manager Molecular Diagnostics at QIAGEN added, “We are excited about the opportunities created by this combination of BD’s leadership in sample collection and QIAGEN's leadership in nucleic acid stabilization and purification. We believe the diagnostic industry will consider our systems a significant step forward, as they will provide a level of standardization and reliability not previously available.”
QIAGEN N.V., a Netherlands holding company with subsidiaries in Germany, the United States, Japan, the United Kingdom, Switzerland, France, Australia and Canada, believes it is the world's leading provider of innovative enabling technologies and products for the separation, purification and handling of nucleic acids. The Company has developed a comprehensive portfolio of more than 280 proprietary, consumable products for nucleic acid separation, purification and handling, nucleic acid amplification, as well as automated instrumentation and related services. QIAGEN's products are sold in more than 42 countries throughout the world to academic research markets and also to leading pharmaceutical and biotechnology companies. In addition, the Company is positioning its products for sale into developing commercial markets, including DNA sequencing and genomics, nucleic acid-based molecular diagnostics, and genetic vaccination and gene therapy. QIAGEN employs approximately 830 people worldwide. Further information on QIAGEN and the joint venture described in this press release can be obtained at
www.qiagen.com.
BD manufactures and sells a broad range of medical supplies and devices and diagnostic systems for use by health care professionals, medical research institutions and the general public. For the fiscal year ended September 30, 1998, BD had total revenues of $3.1 billion and net income of $236 million.
This release contains certain forward-looking statements (as defined under US federal securities law) regarding BD's and QIAGEN’s plans with respect to the business of PreAnalytiX. Any of the statements contained herein relating to future revenues, products and income of, or events or developments expected to occur relating to, PreAnalytiX are based on BD's and QIAGEN’s current expectations and involve a number of uncertainties and risks. Actual results could differ materially from anticipated results described in any such forward-looking statements. Factors relating to BD, QIAGEN or PreAnalytiX that could cause actual results of BD, QIAGEN or PreAnalytiX to vary materially include, but are not limited to, QIAGEN's and BD's ability to successfully fund and jointly operate and manage PreAnalytiX, technological uncertainties and product development risks, difficulties in differentiating PreAnalytiX’s products from competitors and other difficulties and costs associated with introducing and gaining broad commercial acceptance of PreAnalytiX's new products, QIAGEN's and BD's ability to practice their respective patents and proprietary rights, competitive factors, the commercial development of the DNA sequencing and genomics market, nucleic acid-based molecular diagnostics market and genetic vaccination and gene therapy markets, changes in regional, national or foreign economic conditions, changes in interest or currency exchange rates, Year 2000 issues, changes in health care or other government regulations, as well as other factors discussed in BD's and QIAGEN’s respective filings with the Securities and Exchange Commission.
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