NEW YORK (GenomeWeb News) – Xceed Molecular announced yesterday that Gen-Probe has taken a non-exclusive license to the firm’s Flow-Thru Chip technology.
The Wellesley, Mass.-based company said that Gen-Probe expects to use the technology in developing next-generation multiplexed molecular diagnostics.
Under terms of the deal, Gen-Probe will pay up-front licensing and milestone fees to Xceed for non-exclusive access to the chip technology in certain fields. Gen-Probe also has the right to receive co-exclusive rights with Xceed in certain undisclosed sub-fields. San Diego-based Gen-Probe also will make royalty payments to Xceed based on sales and will purchase Xceed’s custom TipChips, Ziplex automated gene expression system, and other Xceed products.
“There are many promising applications for moderate-density arrays in clinical diagnostics and other applications, and we believe that Xceed’s technologies in combination with our own technologies will facilitate our entry into these expanding markets,” Dan kacian, executive vice president and chief scientist for Gen-Probe, said in a statement.