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Ameripath
Announces Agreement with Roche Diagnotics Molecular Center of Excellence
Jointly Developing Centers of Excellence
Riviera Beach, FL, and Indianapolis, IN., February 11, 2003 - AmeriPath,
Inc. (Nasdaq: PATH), a leading national provider of cancer diagnostics,
genomic, and related information services, today announced it has
signed a five-year strategic alliance agreement with Roche Diagnostics
to establish a series of Molecular Centers of Excellence to perform
esoteric genomic diagnostic testing using Roche's patented Polymerase
Chain Reaction (PCR) and other advanced genomic technologies.
Molecular diagnostic testing offers the opportunity to expand and
improve AmeriPath's diagnostic services to clients by providing
more sensitive, more specific and faster results so that patient
treatment can be improved. Molecular testing brings not only the
ability to diagnose specific viral and bacterial pathogens, but
also to monitor how much pathogen is present in the system, a feature
which allows better treatment options. Further, molecular genetic
testing will be used to provide highly accurate negative predictive
values when screening for genetic mutations in cystic fibrosis and
other diseases. AmeriPath intends to continue to leverage its strengths
in this market through clinical trial and research and development
work on new cancer and genomic molecular diagnostics.
"This agreement positions AmeriPath with the world's leading
diagnostic company to become an early adopter in the coming explosion
of advanced, esoteric molecular diagnostic testing," said Dennis
Smith, AmeriPath's Executive Vice President of Genomic Strategies
and Chief Medical Officer. "PCR technology provides a highly
sensitive methodology for earlier detection of lower concentrations
of target organisms with very high specificity in an expanding menu,
including, but not limited to HIV, hepatitis, chlamydia, gonorrhea,
and human papillomavirus (HPV), the causative agent for virtually
all women's cervical cancer. We are very excited about working with
Roche Diagnostics and the positive impact this will have on improving
patient care. This partnership will provide AmeriPath with very
early access to new assays and technologies. As we roll our Molecular
Centers of Excellence concepts into our regional Center for Advanced
Diagnostics "pod" labs, we believe this business model
will further enhance the advantages of local access through superior
turn-around time and world-class pathology resources. We fully expect
this agreement to lead to other opportunities with Roche."
With Roche Diagnostics being the world's leading diagnostics company,
this is a perfect match with AmeriPath as a leading national provider
of cancer diagnostics, genomics, and other information services."
said Martin Madaus, President and CEO of Roche Diagnostics Corporation.
"AmeriPath's extensive diagnostics infrastructure -- including
the Center for Advanced Diagnostics -- is well positioned to help
us shift the paradigm from reactive testing, diagnosing, treating,
and monitoring to proactive detection. This allows for the delivery
of actionable healthcare information, possibly before the onset
of disease, leading to early intervention with treatment or a change
in wellness habits."
AmeriPath is a leading national provider of cancer diagnostics,
genomics, and related information services. The Company's extensive
diagnostics infrastructure includes the Center for Advanced Diagnostics
(CAD), a division of AmeriPath. CAD provides specialized diagnostic
testing and information services including Fluorescence In-Situ
Hybridization (FISH), Flow Cytometry, DNA Analysis, Polymerase Chain
Reaction (PCR, performed pursuant to an agreement with Roche Molecular
Systems, Inc.), Molecular Genetics, Cytogenetics and HPV Typing.
Additionally, AmeriPath provides clinical trial and research development
support to firms involved in developing new cancer and genomic diagnostics
and therapeutics.
Headquartered in Basel, Switzerland, Roche is one of the world's
leading research-oriented healthcare groups. The company's two core
businesses in pharmaceuticals and diagnostics provide innovative
products and services that address prevention, diagnosis, and treatment
of diseases, thus enhancing people's health and quality of life.
Roche Molecular Diagnostics, a business area of Roche Diagnostics,
has made the Polymerase Chain reaction (PCR) the leading nucleic
acid amplification technology (NAT) in the world. PCR technology
allows minute amounts of genetic material to be amplified into billions
of copies in just a few hours, thereby facilitating detection of
the DNA or RNA of pathogenic organisms even before antibodies to
these organisms are formed.
The two core businesses employ about 57,000 employees worldwide.
Roche's Diagnostics Division, the world leader in in vitro diagnostics
with a uniquely broad product portfolio, supplies a wide array of
innovative testing products and services to researchers, physicians,
patients, hospitals and laboratories worldwide. Roche Diagnostics'
North American headquarters are located in Indianapolis, Indiana.
For further information, please visit www.roche.com
and www.roche-diagnostics.com.
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