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[10/25/2006] TORONTO, Canada (October 25, 2006) – MetriGenix Corp., a pioneer in the development of cost-effective, easy-to-use
gene-expression analysis systems, announced today that it has changed its name to Xceed Molecular. The name change comes as the company transitions from development
stage to a nimble, customer-focused business, with innovative products and services designed to translate biomarker-based tests from research into routine clinical use.
"Xceed Molecular makes a simple, forthright statement that reflects both our aspirations for ourselves and our commitment to our customers," said Michael Cohen, Xceed's
chief executive officer. "Our goal is to improve health outcomes by accelerating multiplex tests from research to clinical use. To succeed, we are making routine multiplex
tests feasible, fast, and affordable. We believe our system and services offer biomedical and clinical research customers the simplest route to success."
Xceed Molecular was founded in Toronto as MetriGenix Corporation in December 2003. Its patented Flow-Thru Chip® technology, a microporous silicon substrate for
biological analysis, enables hybridizations that are four-times faster than conventional microarray formats. In December 2004, it acquired GeneXP Biosciences,
a Massachusetts-based company with complementary technology. In 2005, the company consolidated operations in Toronto and focused its strategy on molecular diagnostics.
Today, as Xceed Molecular, the company offers custom array services to biomedical and clinical research customers using its Ziplex™ automated workstation. Services
include design of custom TipChip™ arrays with the customer's content of interest, sample analysis (including sample prep, hybridization, quality control), and results
delivered in a summary report. Xceed plans to make the complete Ziplex system commercially available early next year. Xceed is also developing proprietary test panels for
use in research, clinical trials, and personalized predictive medicine. About Xceed Molecular Xceed's vision is to advance molecular diagnostics and improve health outcomes
by providing a cost-effective, automated system and services that facilitate the rapid translation of novel multiplexed genomic tests from research into routine clinical use.
Our products comprise the Ziplex™ System for automated gene-expression analysis (available in the US and Canada for research use only), custom array services,
and pre-configured arrays. Xceed is also developing multiplexed genomic tests for the Ziplex platform, both internally and with strategic partners. Xceed’s R&D and
manufacturing are headquartered in Toronto, Ontario, with executive offices in Wellesley, Massachusetts.
Media Contact: Caroline Grossman – 781.771.5579
caroline.grossman@gmail.com
Company Contact: David Deems – 617-899-5597
ddeems@xceedmolecular.com
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