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Sigma-Aldrich Pays $2.2M to Cyntellect; Milestone Payment for Cell Xpress Service Agreement

Jun 07, 2006

NEW YORK, June 7 (GenomeWeb News) - Cyntellect has received a $2.2 million payment from Sigma-Aldrich as part of its Cell Xpress service agreement, the company said today.

 

The two companies signed an exclusive commercialization agreement for the Cell Xpress service a year ago when Sigma-Aldrich agreed to employ Cyntellect's Laser Enabled Analysis and Processing system to support its Cell Xpress service business.

 

Cyntellect received the milestone payment for meeting certain terms and conditions under the agreement, the company said in a statement.

 

The service enables a high-throughput process for in situ measurement of protein secretion on an individual cell basis, and clones high-producing cells used in manufacturing of biopharmaceuticals and diagnostic antibodies.

 

Details on further payments were not disclosed.

 

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