PEB
01/02/2012 09:46
GENERAL
REL: 0946 HRS Pacific Edge Limited
GENERAL: PEB: Hershey Center for Applied Research Prepares to Welcome PEB
Hershey Center for Applied Research Prepares to Welcome Pacific Edge
HERSHEY, Pa. - Hershey Center for Applied Research (HCAR) prepares to welcome
Pacific Edge to its thriving research facility in Hershey. Pacific Edge plans
to open its first US franchise to market the company's bladder cancer
detection test, Cxbladder(R), to urologists in the United States by the end
of the year.
Looking to build a better understanding of the US marketplace, Pacific Edge
chose to bring its product to Hershey because of HCAR's direct engagement in
nearly every aspect of the company's US commercialization to date.
HCAR Executive Director, Jack Atchason said, "Convincing a company like
Pacific Edge to open a facility in any location takes strong alignment of the
location with the business needs, a strong value proposition aligned to these
business needs, resources and support from all partners, and differentiators
from other competitive locations".
Pacific Edge plans to set up shop adjacent to HCAR's new Technology Suites.
This EDA-supported (Economic Development Administration of the Department of
Commerce) project will open in August and provide subsidized lab and office
suites for technology companies. The 11,348 square-foot Pacific Edge facility
will serve as an office and processing facility for the analysis of the
Cxbladder(R) test. The test utilizes the expression of genes in the patients'
urine to detect the presence of bladder cancer accurately and non-invasively.
Planning and construction for the new facility is currently underway.
ABOUT HERSHEY CENTER FOR APPLIED RESEARCH
As a Wexford Science and Technology, LLC and The Hershey Trust Company joint
development project, the Hershey Center for Applied Research (HCAR) has a
strategic partnership with Penn State University and the Penn State Milton S.
Hershey Medical Center and offers domestic and international-based tenants
access to advanced technology and other research resources, and immerses them
in a climate of innovation.
With an ideal east-coast location convenient to New York, Philadelphia,
Baltimore and Washington D.C., Hershey is an emerging research hotspot that
offers access to a well-educated and stable workforce. By leasing fully
customizable research, manufacturing and office space while also providing
integrated strategic business services tailored to each tenant, HCAR helps
early stage to mature life sciences; nanotech and clean tech companies
innovate and grow.
www.HersheyResearch.com
ABOUT PACIFIC EDGE
Pacific Edge Limited (NZX: PEB) is a New Zealand based cancer diagnostic
company specializing in the discovery and commercialization of diagnostic and
prognostic technology for the early detection and monitoring of cancer.
Products in development and in clinical trials are accurate and simple to use
genomic and proteomic tools for the earlier detection, improved
characterization and better management of gastric, bladder, colorectal
cancers and melanoma. The company has recently completed and released its
first product for the detection of bladder cancer, Cxbladder(R) and is
actively marketing the product to urologists in New Zealand, Australia and
soon to be Spain and Portugal.
www.pacificedge.co.nz
End CA:00219065 For:PEB Type:GENERAL Time:2012-02-01 09:46:02
