Business News
Caliper Life Sciences Receives $1.1 Million Task Order from the EPA’s ToxCast(TM) Screening Program
2008-08-19 09:00:00
- Caliper Screens Compounds to Detect Toxicity -
HOPKINTON, Mass., Aug. 19 /EMWNews/ -- Caliper Life
Sciences, Inc. (Nasdaq: CALP) today announced that it has received a $1.1
million task order under the United States Environmental Protection
Agency's (EPA) ToxCast(TM) screening program. This task order was issued
pursuant to a contract that Caliper was awarded by the EPA in April 2007
under the ToxCast program. The contract provides for up to $69 million of
screening services throughout five years, although the specific dollar
value is subject to the actual volume of testing requested by the EPA as
well as continued government funding for the ToxCast program. To date,
Caliper has received task orders under this EPA contract totaling
approximately $3.6 million, including the new $1.1million task order. This
new task order was anticipated and the work associated with this order is
expected to be substantially completed during the third quarter of 2008.
Caliper works with the EPA under the ToxCast initiative to develop new
approaches to identify chemical compounds that are potentially toxic to the
environment. Caliper uses in vitro biochemical assays, which have been
validated in the pharmaceutical drug discovery industry, to help predict
how chemicals like pesticides will interact with the environment, humans
and animals. During the initial phase, Caliper tested 320 well-known
chemicals through more than 230 in vitro assays. The new task order will
support further screening of this initial set of 320 compounds.
Once the first phase of the ToxCast program is complete, the EPA is
expected to begin screening a broader class of compounds to expand the
database of bioactivity signatures developed in the first phase. Based on
these efforts, the ToxCast screening program will provide the EPA with an
efficient tool for rapidly and efficiently screening compounds and
prioritizing further toxicity testing. The ultimate goal is to identify a
set of predictive in vitro assays that can supplement or replace in vivo
tests currently used for regulatory approval of new environmental
chemicals.
"Caliper's test results from the initial phase of the ToxCast screening
program provided high quality data and demonstrated a substantial number of
positive results, or 'hits,' that may have potential relevance to
environmental toxicity or adverse effects. With this new funding, we will
expand our testing to determine the potency, or concentration response, of
these bioactivities using all 230 of the initial assays," said David
Manyak, Ph.D., executive vice president of discovery services at Caliper
Life Sciences. "This follow-up screening is an important step in the
progress of the ToxCast program. We look forward to continuing our research
efforts and supporting the EPA's efforts to better understand the impact,
and minimize the threat, of environmental contaminants."
Earlier in 2008, the EPA and National Institutes of Health (NIH)
announced a collaboration intended to broaden the scope of the ToxCast
screening program beyond the EPA, further emphasizing the growing national
significance of this initiative. Caliper was selected and will present the
methodology and validated results of a series of toxicology-related
cell-based assays at the National Toxicology Program's Request for
Information Meeting, to be held on September 11-12 in North Carolina. The
event is sponsored by the National Institute of Environmental Health
Sciences (NIEHS), one of the two lead agencies within National Institutes
of Health (NIH) spearheading the collaboration with EPA.
About Caliper Life Sciences
Caliper Life Sciences is a premier provider of cutting-edge
technologies enabling researchers in the life sciences industry to create
life-saving and enhancing medicines and diagnostic tests more quickly and
efficiently. Caliper is aggressively innovating new technology to bridge
the gap between in vitro assays and in vivo results and then translating
those results into cures for human disease. Caliper's portfolio of
offerings includes state-of-the-art microfluidics, lab automation & liquid
handling, optical imaging technologies, and discovery & development
outsourcing solutions. For more information please visit
http://www.caliperLS.com.
The statements in this press release regarding future events, including
statements regarding the total amount of task orders that may be awarded to
Caliper by the EPA under Caliper's contract with the EPA for its ToxCast
screening program, Caliper's expectation that it will be able to
substantially complete the work associated with the new task order during
the third quarter, and the expectation that the EPA will begin screening a
broader class of compounds after the completion of the initial set of
compounds, are "forward-looking statements" within the meaning of Section
21E of the Securities Exchange Act of 1934, as amended. These statements
are subject to risks and uncertainties that could cause actual results to
differ materially from those contemplated by the forward-looking statements
as a result of a number of factors, including the possibility that the EPA
may decide to discontinue the ToxCast screening program or that funding
levels for this program may be less than expected. Further information on
risks faced by Caliper are detailed under the caption "Risks Related To Our
Business" in Caliper's Annual Report on Form 10-K for the year ended
December 31, 2007. Our filings are available on a web site maintained by
the Securities and Exchange Commission at http://www.sec.gov. Caliper does
not undertake any obligation to update forward-looking or other statements
in this release.
Caliper is a registered trademark of Caliper Life Sciences, Inc. and
ToxCast is a trademark of the Environmental Protection Agency.
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