TRENTON, ME--(Marketwire - April 28, 2011) -
Bar Harbor BioTechnology, Inc. (BHB), developer of genetic risk assessment testing and Clinical Reference Laboratory, Inc. (CRL), provider of laboratory testing services in molecular diagnostics and clinical trials, have reached an agreement to work together in the development of new genetic diagnostic tests. The first project under the new agreement involves the continued development of BHB's new genetic-based risk assessment test for colorectal cancer with clinical validation support provided by CRL's CLIA-certified laboratory services. The new arrangement will give CRL and BHB the opportunity to combine BHB's bioinformatics and qPCR assay development team with CRL's extensive molecular lab testing experience to create new molecular diagnostic tests.
While further details of the tests remain undisclosed at this time, both companies indicate the agreement envisions future projects and the development of additional tests. "CRL is an ideal partner for our company as we continue to develop our risk assessment tests. Their CLIA-certified testing services accelerate our development plans by leveraging on their expertise and state-of-the-art laboratory; we will get the results we need immediately," said Robert Phelps, CEO of BHB.
Heather Fehling, CRL's Executive Director of Molecular Diagnostics, sees the new relationship as one with tremendous potential. "BHB's visionary approach to bioinformatics and assay development presents an exciting opportunity for CRL. BHB and CRL share a passion for finding new advances in molecular diagnostic testing that will serve patients' needs long into the future."
About Bar Harbor BioTechnology, Inc.
Bar Harbor BioTechnology is a privately held company that was formed in October 2006 and is located in Trenton, Maine. It manufactures software and consumables for purposes of genetic research in areas of cancer, stem cell research, immunology, metabolism, and specific neurological disorders. The company created a new diagnostic division in 2010. Additional information is available at www.bhbio.com
About Clinical Reference Laboratory, Inc.
Established in 1979, CRL is a privately held reference laboratory in Lenexa, Kansas offering leading-edge testing services in the areas of Clinical Trials, Corporate Wellness Programs, Genomics, Insurance, Molecular Diagnostics, BioAnalytics and Toxicology. CRL is one of the largest single-site laboratories in the US and analyzes over 100 million tests annually. In addition, CRL has a satellite laboratory near Cambridge, UK. Additional information is available at www.crlcorp.com.