SANTA CLARA, Calif.--In its latest quarterly earnings report, Affymetrix noted significant progress in each of its three business areas: gene expression profiling, polymorphism analysis, and disease management. The company also unveiled a new bioinformatics product, the GeneChip Expression Data Mining Tool, during the quarter ended September 30.
In addition, Affymetrix said it continued beta-testing its first genotyping product, a GeneChip probe array containing over 2,000 common polymorphisms that was developed in collaboration with the Whitehead Institute.
The product, scheduled for launch in the first quarter of 1999, will be the first commercially available array-based genotyping tool, Affymetrix claimed.
The company reported that sales for the quarter increased 521 percent, to $6.5 million, and revenue grew 200 percent, to $15 million, compared to the same period last year.