Harvard Bioscience, Inc. Launches New ADMET Product
HOLLISTON, Mass., Feb. 27 /PRNewswire/ -- Harvard Bioscience, Inc. (Nasdaq: HBIO) today announced the introduction of ScanTox, a drug safety evaluation tool that provides a more sensitive means of lead optimization than currently available, as well as an in vitro alternative to the much criticized Draize irritancy test using live animals.
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ScanTox is designed to reduce the number of drug candidate "false positives" inexpensively before reaching high-cost pre-clinical and clinical trials (Phase II/III). ScanTox is a laser-based instrument that quantifies the relative cytotoxicity of a substance within a living and functional cultured bovine lens. With high repeatability ScanTox measures organ functionality of this system, and in turn can be used to measure recovery from toxic agents even at parts per million concentrations.
"We believe ScanTox is a breakthrough product. It perfectly fits our strategy of providing higher relevance and speed at lower cost," said David Green, President of Harvard Bioscience. " For anyone interested as well in accuracy and reproducibility, or concerned with reducing the use of live animals in research and industry, this product is a significant innovation. Like many of our products, ScanTox can substantially reduce product time to market. During March 26 through 28 we will be demonstrating ScanTox at the Society of Toxicology trade show in San Francisco and in June we will be at the Congress on In Vitro Biology meeting in St Louis."
Harvard Bioscience is a global developer, manufacturer and marketer of innovative, enabling tools in drug discovery research at pharmaceutical and biotechnology companies, universities and government laboratories. HBIO sells approximately 10,000 products to thousands of researchers in over 60 countries though its 1,000 page catalog, and through its distributors, the most notable of which is AP Biotech. HBIO has sales and manufacturing operations in the United States, the United Kingdom, and Germany with sales facilities in France and Canada.
Statements in this release that relate to expectations and objectives of management for future operations of Harvard Bioscience, Inc., or that otherwise relate to future performance, are forward looking statements. Actual results may differ from those projected as a result of product demand, pricing, market acceptance, economic conditions, intellectual property issues, competitive products, risks in product and technology development, and other risks identified in our Securities and Exchange Commission fillings.
For information on ScanTox, please call Derek Palmer at (508) 893- 8066. Press releases and our product catalog can be found on our web site, http://www.harvardbioscience.com. SOURCE Harvard Bioscience, Inc.
CONTACT: Jim Warren, CFO, jwarren@harvardbioscience.com, or David Green, President, dgreen@harvardbioscience.com, or Chane Graziano, CEO, cgraziano@harvardbioscience.com, all of Harvard Bioscience, Inc./
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