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LabConnect, LLC and India’s Metropolis Health Services Form Global Alliance; 3,600 Assays Added to Extensive Worldwide Testing Platform


6/18/2008 12:09:48 PM

SEATTLE, Wash., June 17, 2008 – LabConnect, LLC and Metropolis Health Services today announced they are entering into an agreement whereby Metropolis will join the LabConnect Network. This will further expand LabConnect’s rapid ascension within the central laboratory industry by extending LabConnect’s presence to include India and Southern Asia. The move will also greatly expand the organizations in-house capacity to perform highly esoteric assays.

LabConnect provides central and specialty laboratory services from its facilities in North America and Central and Eastern Europe and is recognized for its emerging market expertise. With the addition of Metropolis, LabConnect will now offer harmonized central laboratory services throughout the Asian subcontinent.

Metropolis, as one of the leading laboratory organizations in Asia, has provided analytical support to the biopharmaceutical industry for more than ten years. Metropolis is recognized throughout the region for its broad analytical capabilities and strong customer service orientation.

“After an extensive evaluation process over the past sixteen months that included a number of strong candidates, we are pleased to add Metropolis as part of our growing team of world class laboratories” said Jeff Mayhew, Chief Development Officer of LabConnect. “Metropolis is world class in every sense of the term, with more than 3,600 available assays and internationally recognized quality accreditations. They are one of India’s only CAP/CLIA and ISO accredited laboratories. We also believe that our clients will benefit from Metropolis’ extensive in-house courier network. By leveraging the resources of this network to support clinical trial activity, we will be able to ensure reliable specimen delivery while at the same time reducing logistic costs.”

“We are pleased to become a part of the LabConnect team, they share our commitment to the creation of customized central laboratory service solutions and the delivery of value” said Dr. Nilesh Shah, Chief Operating Officer of Metropolis. “Our Metropolis team will benefit from the collective experience of the LabConnect Network members who have experience managing more than 400 clinical studies worldwide.”

About LabConnect, LLC

LabConnect (www.labconnectllc.com), established in 2002, is a leading provider of central laboratory services to the biopharmaceutical industry. LabConnect’s global network of laboratories provide an extensive menu of routine and specialized laboratory assays, anatomic pathology and biostorage services.

About Metropolis Health Services

Metropolis Health Services (www.metropolisindia.com) established in 1981, built India’s first referral laboratory and now owns 50 state-of-art-laboratories across India, Seychelles, UAE, Sri Lanka, Thailand and South Africa. Metropolis processes more than 10 million tests a year and provides services to 10,000 laboratories, hospitals and nursing homes.

Contact:

Eric Hayashi
President & CEO
LabConnect, LLC
p: 206-322-4680
f: 206-322-4682
ehayashi@labconnectllc.com



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