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Third Wave Extends Invader Contract With Japanese Reference Lab BML

NEW YORK, Jan. 8 (GenomeWeb News) - Third Wave Technologies has extended its multi-year partnership with BML, a Tokyo-based clinical reference lab, by at least one year, Third Wave said today.

The companies will continue their collaboration, begun in December 2000, to use Third Wave's Invader technology to develop and commercialize molecular diagnostic tests for infectious diseases.

The original agreement the agreement called for BML to pay Third Wave $3 million up front, and provide $4 million in funding for Invader product development over the next three years. In exchange, Third Wave retained the right to market and sell any products developed under the agreement outside Japan, and will later acquire rights to develop and market these products inside Japan.

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