Hologic Enters into a License Agreement with Applied BioCode for High Multiplex Molecular Tests for Agriculture Markets

The combination of Hologic’s Invader^® chemistry with Applied BioCode’s Barcoded Magnetic Beads will provide a powerful testing platform for molecular testing laboratories

SANTA FE SPRINGS, Calif.--(BUSINESS WIRE)--Applied BioCode, Inc. today announced that it has signed a License and Supply Agreement (Agreement) with Hologic, Inc., a leading developer, manufacturer and supplier of premium diagnostics products, medical imaging systems and surgical products. Hologic is headquartered in Bedford, MA. Under the Agreement Hologic may purchase Barcoded Magnetic Beads with digital multiplex capabilities for up to 128-plex testing from Applied BioCode. Hologic plans to use the Barcoded Magnetic Beads in conjunction with Hologic’s proprietary Invader^® chemistry to create highly multiplexed nucleic acid based tests for the agriculture market.

“We are very pleased to partner with Hologic in such an important and growing area of the molecular testing market. The combination of Hologic’s Invader® chemistry with Applied BioCode’s Barcoded Magnetic Beads will provide a powerful testing platform for molecular testing laboratories”

“We are very pleased to partner with Hologic in such an important and growing area of the molecular testing market. The combination of Hologic’s Invader^® chemistry with Applied BioCode’s Barcoded Magnetic Beads will provide a powerful testing platform for molecular testing laboratories,” said Winston Ho, President of Applied BioCode. “We are confident that this new partnership and license agreement will be a valuable addition to Applied BioCode in commercializing our Barcoded Magnetic Bead technology into the global molecular testing markets.”

“Our partnership agreement with Applied BioCode enables us to address the growing need for increased throughput and cost containment through highly multiplexed testing in the agricultural testing market,” said Rohan Hastie, Vice President and General Manager, Hologic Molecular Diagnostics. “Our combined technologies should offer a powerful solution for our customers.”

About Applied BioCode, Inc.

Applied BioCode, Inc. is a privately held biotechnology company with headquarters located in Santa Fe Springs, California. Applied BioCode develops, manufactures, and markets highly multiplexed (128-plex and 4,096-plex) products to assist those focused on the molecular diagnostics, bioresearch, and biomarkers validation. Applied BioCode maintains an extensive collaborative network with universities, government laboratories, and industrial partners. Several of Applied BioCode’s partners have adapted their molecular diagnostic assays to the Barcoded Magnetic Bead format. This approach enables them to optimize efficiency and resources and leverage those to help its customers maximize the benefit of its powerful tools and collaborative networks.