NEW YORK, Sept. 13 (GenomeWeb News) - DNA Chip Research said today that it has agreed to form a DNA chip product distribution arrangement with Mitsui and NovusGene, the Japan Corporate News Network said today.
Under the terms of the deal, NovusGene, will market DNA Chip Research's proprietary products including the AceGene series and also accept orders for DNA analysis service, JCNN said. NovusGene is a joint venture between Mitsui, Mitsui Knowledge, and Olympus Optical.
The deal also includes the use of Mitsui's distribution channels to raw material manufacturers, pharmaceutical firms, and genetic analysis companies, JCNN said. The partners expect to achieve annual sales of ¥100 million ($910,000) in the future.