Breaking News Alert – OTCBB: ARYC
Jun 25th, 2009 by beststockreport
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Market Pulse will be issuing its current profile for Arrayit Corporation (OTCBB: ARYC) to the investment community very soon! Stay Tuned For Frequent Updates at www.market-pulse.com.
Arrayit Corporation (OTCBB: ARYC) Investors need to be watching Arrayit Corporation (OTCBB: ARYC) this AM! Arrayit Corporation is engaged in the development, manufacture, and marketing of life science technologies and integrated systems for the analysis of genetic variation, biological function, and diagnostics. Arrayit offers a product line of approximately 650 tools to 2,500 laboratories worldwide. The company’s products include microarrayers, microarray scanners, DNA and protein microarrays, microarray printing, microarray substrates and slides, microarray instruments, amplification and labeling, purification kits, microarray hardware, buffers and solutions, microarray cleanrooms, books and software, CGH microarrays, and microarray platforms. Arrayit’s worldwide business position leverages the company’s widely used patented microarray manufacturing platform and revolutionary VIP™ genotyping technology. Nearly every major research center in the world uses Arrayit products including research laboratories, pharmaceutical companies, universities, biotechnology companies, hospitals, government agencies, and nonprofit research organizations. The company is also involved in the import, export, and distribution of industrial and food grade chemicals for plastics, fertilizers, and green energy applications. It has research collaboration with The Parkinson’s Institute of Sunnyvale to discover biomarkers for Parkinson’s disease. ARYC recently announced that it is developing a microarray-based diagnostic test to detect the H1N1 swine flu virus. The 2009 swine flu outbreak has raised concerns at the CDC and the World Health Organization (WHO). The CDC and WHO believe that the current outbreak poses a pandemic risk because the H1N1 flu virus contains genetic elements from both the swine and human influenza viruses, allowing direct human-to-human transmission without the need for agricultural contact. Arrayit is an exciting and innovative public company that strives to increase shareholder equity by inventing, developing, manufacturing and supplying sophisticated life sciences products and services to an extensive customer base spanning 50 countries. Arrayit is a leader in the field of molecular diagnostics with patented technology that allows the screening and monitoring of up to 80,000 patient samples on a single microscope slide, rather than testing one patient per slide as is currently practiced. Their corporate philosophy is embodied by a highly skilled, multidisciplinary team of investors, business professionals, scientists, engineers and executive and support staff who place shareholder value, product quality, customer service and price competitiveness as their highest priorities. Arrayit empowers decisive strategic advantage and large return on investment for their customers in the research, pharmaceutical, diagnostic, and health care markets! ARYC just had excellent news out in a press release before today’s opening bell announcing that its microarray-based diagnostic test, patented under the trade name Variation Identification Platform (VIP), is ready for manufacture and distribution! Investors should be watching this one closely!
Press Release
Source: Arrayit Corporation
Mark Schena, PhD, Positions Arrayit Corporation to Enter Molecular Diagnostics Using VIP Technology
Single Laboratory Test Can Screen up to 100,000 Patients
SUNNYVALE, CA–(MARKET WIRE)–June 24, 2009 — Arrayit Corporation (OTCBB: ARYC), a leading manufacturer of products and services for disease prevention, treatment and cure, announced today that its patented testing procedure, sold under the trade name Variation Identification Platform (VIP), is ready for distribution and use.
Created by pioneer and Arrayit President, Dr. Mark Schena, VIP is the world’s key microarray diagnostics patent that allows clinicians to test up to 100,000 patients against a single disease state health condition by printing that bio-information on a single slide and then drawing a diagnosis for each individual patient. Arrayit is now positioned to move this revolutionary technology from research to clinical applications and beyond.
In 1995, Dr. Schena and colleagues published the first paper on microarrays in the premier scientific journal, Science, introducing microarrays to the world as a new scientific technology. His work rapidly led to a new field of discovery that uses microarrays to investigate both genes and proteins in research and diagnostics. Acknowledged by his peers for the importance of these accomplishments, Dr. Schena was proclaimed the Father of Microarray Technology by The Scientist, a broadly read scientific journal, in 2003.
Today microarrays are used in more than 100,000 laboratories in 50 countries to explore complicated questions in biology, chemistry, agriculture and medicine. The microarray field to date has produced 550,000 scientific publications. The commercial expansion of microarray technologies has created a multi-billion dollar research market with over 200 companies that produce ancillary products and services.
Dr. Schena has authored five foundational books and has published more than 30 important papers. Dr. Schena has organized symposia and course work, chaired societal meetings and promoted the expansion of microarray technology — accruing over half a million travel miles to speak to audiences of PhDs, MDs and life science professionals.
About Arrayit Corporation
Arrayit Corporation, headquartered in Sunnyvale, California, leads and empowers the genetic, research, pharmaceutical, and diagnostic communities through the discovery, development and manufacture of proprietary life science technologies and consumables for disease prevention, treatment and cure. It now offers over 650 products to a customer base of more than 2,500 laboratories worldwide, including most every major university, pharmaceutical and biotech company, major agricultural and chemical company, government agency, national research foundation and many private sector enterprises. Please visit www.arrayit.com for more information.
Contact: Arrayit Corporation Tel: +1-408-744-1331 Email: investorinfo@arrayit.com Web: www.arrayit.com
For additional information please call 800.290.8935 or visit www.market-pulse.com.
Safe Harbor Statement
Except for historical information contained herein, statements made in this release that would constitute forward-looking statements may involve certain risks and uncertainties. All forward-looking statements made in this release are based on currently available information and the Company assumes no responsibility to update any such forward-looking statement. The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements. The factors include, but are not limited to, risks that may result from changes in the Company’s business operations; our ability to keep pace with technological advances; significant competition in the biomedical business; our relationships with key suppliers and customers; quality and consumer acceptance of newly introduced products; market volatility; non-availability of product; excess inventory; price and product competition; new product introductions, the outcome of our legal disputes; the possibility that the review of our prior filings by the SEC may result in changes to our financial statements; and the possibility that stockholders or regulatory authorities may initiate proceedings against Arrayit and/or our officers and directors as a result of any restatements. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company’s Form 10-K for the fiscal year ended December 31, 2008 and Form 10-Q/A for the fiscal first quarter ended March 31, 2008 and Form 10-Q for the fiscal third quarter ended September 30, 2008.
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