Molecular Devices, Inc. and ChanTest Corporation Sign Cell Line Distribution Agreement

Mar 23, 2011

Sunnyvale, California (March 23, 2011) - Molecular Devices, Inc. and ChanTest Corporation, leading providers of ion channel and GPCR drug discovery tools and solutions, have signed an agreement for Molecular Devices to distribute ChanTest's extensive portfolio of ion channel and GPCR cell lines on a non-exclusive basis.  As part of the agreement, Molecular Devices, Inc. will sell ChanTest's ion channel and GPCR cell lines and promote ChanTest's cell optimization services to its PatchXpress® 7000A, IonWorks® Quattro, IonWorks Barracuda™, or IonWorks Quattro and IonWorks Barracuda, and FLIPR® Tetra system customers worldwide. ChanTest has a portfolio of more than 145 ion channel and 110 GPCR cell lines.

Mark Verheyden, President of Molecular Devices, Inc. said: "Customers have asked us in the past for validated cell lines optimized for our systems. ChanTest has optimized and validated their cell lines on our PatchXpress 7000A, IonWorks Quattro, IonWorks Barracuda, or IonWorks Quattro and IonWorks Barracuda and FLIPRTETRA systems, so our customers can be confident that cell lines from ChanTest Corporation will perform well in their assays. By teaming up with the ChanTest Corporation, we are able to provide our customers a complete end-to-end solution for their ion channel and GPCR assays."

Dr. Arthur Brown, founder  of ChanTest said: "Molecular Devices, Inc. with its full line of automated electrophysiology and GPCR screening instrumentation is an exceptional partner. Providing more high quality options to a larger group of customers naturally will bring more visibility to our best-in-class ion channel cell lines and complement them perfectly. We look forward to providing their customers with ion channel- and GPCR-expressing cell lines that we have validated and optimized for their instruments. The ability to screen ion channels with automated electrophysiology is revolutionizing drug discovery."

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