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Friday, November 11, 2011

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Gemini Genomics Accelerates Newfoundland Activity to Further Speed Discovery of Genes for Common Human Diseases

Website: http://www.gemini-genomics.com

October 2000  -- Gemini Genomics plc (NASDAQ: GMNI), the clinical genomics company, announced that Newfound Genomics, a Newfoundland joint venture between Gemini and Lineage Biomedical Inc., has made key scientific appointments and completed its first disease specific clinical collections. Dr. Proton Rahman of Newfoundland has been appointed Chief Scientific Officer of Newfound Genomics and will oversee the company's collection and genetic analysis of the clinical samples.

The clinical activities of the joint venture, the establishment of which was announced less than six months ago, are proceeding ahead of schedule. The clinical data collected will focus on the detailed study of the identification of the key genes responsible for the diseases that are very common in Newfoundlanders, especially type 2 diabetes and obesity. Newfoundland, with its unique population history and prevalence of certain diseases, such as rheumatoid arthritis and diabetes, is a key population to target for the identification of disease-associated genes relevant to the broader Caucasian populations. While Newfound Genomics is building substantial local clinical genetic and research facilities for its own research, Gemini has been granted the exclusive rights to analyze this data as an additional resource for its own disease gene discovery and validation activities. This data will add to Gemini's extensive collection of clinical samples including Caucasian and non-Caucasian populations.

"With Gemini's technical and financial support, Newfound Genomics is poised to be a leader in clinical genomics , and we are pleased to be attracting scientists of the caliber of Dr. Rahman into the venture" said Dr. Paul Kelly, Gemini's President and Chief Executive Officer. " This indicates the commitment of Gemini and Newfound Genomics to the local scientific and academic community."

"We see population genetic strategies as one part of a portfolio of clinical genetic approaches. The population of Newfoundland and Labrador originate largely from Irish migrants from the 16th and 17th Century. This relatively isolated population allows us to target the association of diseases and genes prevalent in Newfoundland and present in the worldwide population," said Patrick Kleyn, Ph.D., Gemini's Chief Scientific Officer. "The addition of this geographical coverage in our clinical genetics ensures that we maximize our discovery and revenue generating opportunities in genetic diagnostics and therapeutics."

The joint venture was established with the aim of identifying genes for common diseases. All clinical samples are collected from local volunteers and DNA collected in the province will remain in the province. The collection of DNA and other data will be in compliance with the highest medical ethical standards.

Gemini is a clinical genomics company focused on the discovery of novel gene-based targets that offer maximum potential for the development of therapeutics or diagnostics by the pharmaceutical and health care industries. Gemini's approach integrates comprehensive clinical data and detailed genetic information from a wide range of human population groups, including twins, disease affected families, isolated (founder) populations and drug trial subjects. By investing in leading edge bioinformatics technologies, Gemini is able to effectively apply these resources to the acceleration of disease gene identification, target discovery, and drug development. For more information about Gemini Genomics, visit the company's website, http://www.gemini-genomics.com.