Epigenomics AG and Royal Phillips Electronics Collaborate on Integrated Automation Solutions for DNA Methylation-based Cancer Diagnostics

BERLIN, Germany, Dec. 19, 2008 (GLOBE NEWSWIRE) -- Epigenomics AG (Other OTC:EPGNF.PK - News) (Frankfurt:ECX.F - News) (ISIN:DE000A0BVT96) and Royal Philips Electronics (NYSE:PHG - News) (AEX:PHI) today entered into a collaboration and licensing agreement focusing on novel technologies and methods targeted at the diagnosis of various cancers. Under the agreement both parties will jointly perform feasibility studies aimed at developing an integrated and fully automated instrument platform for the diagnosis of certain cancers based on DNA methylation biomarkers. In addition, Philips obtained the option to license the required technologies and biomarkers separately or in combination for diagnostic applications. The option may be exercised upon the successful completion of the feasibility studies. Financial details are not disclosed.

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Contact:

Epigenomics AG Dr. Achim Plum, Sen. VP Corporate Development +49 30 24345 368 Fax: +49 30 24345 555 achim.plum@epigenomics.com www.epigenomics.com

Source: Epigenomics AG