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Transposagen Signs Agreement to Enter the Japanese Market
Lexington, KY (April 15, 2009) - Transposagen Biopharmaceuticals Inc., based in Lexington, KY, has entered into an agreement with Trans Genic Inc., (Tokyo Stock Exchange Mothers Section, Code: 2342) headquartered in Kumamoto Japan, for the non-exclusive rights to market Transposagen’s products in Japan. Trans Genic conducts various kinds of businesses related to genetically engineered mice, and introduces many novel technologies, products and services of biotech companies useful for drug discovery to the Japanese market. This agreement is one of these efforts.
Transposagen’s signature product, the TKOTM Knockout Rat, is a laboratory rat with a single gene disruption that mimics a human disease. At the end of March 2009, Transposagen listed on its public database over 70 different knockout rat lines. Over 90% of the world’s knockout rat lines have been created using Transposagen’s technology, making Transposagen the worldwide leader in the production of knockout rat lines.
“Trans Genic is a leader in Japan in the development and distribution of genetically engineered laboratory animals,” said Eric Ostertag, CEO of Transposagen. “This is an exciting opportunity for Transposagen, Trans Genic, and pharmaceutical researchers in the Japanese market.”
About Transposagen Biopharmaceuticals
Transposagen Biopharmaceuticals Inc. is the worldwide leader in the creation of unique genetically modified rat models. These models mimic human diseases and are used for drug discovery and development research. The production of animal models is a $1.2 billion/year market and is expected to grow 12percent annually through 2012.