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Solexa Announces the Appointment of John West as New CEO

Cambridge , UK , and Menlo Park , California .  August 27, 2004  Solexa Ltd., today announced the appointment of John West as its new CEO.  Solexa is developing single molecule arrays, a form of nanotechnology expected to enable the independent analysis of up to a billion individual DNA molecules in parallel.  This technology is expected to transform genetics research and ultimately, molecular diagnostics.

 

Mr. West will be responsible for leading the Company through product launch and subsequent corporate growth. He succeeds Nick McCooke, who has led Solexa through a very successful period of early development.

 

Commenting on his initial experience at Solexa, Mr West said:

“On joining Solexa, I have been impressed with how far it has progressed toward practical implementation.  I have seen numerous advanced technologies proposed for DNA analysis since the early 1980’s and almost none have reached the market.  Solexa, on the other hand, has quietly and carefully worked on the core chemistry and enzymology it needs and has made remarkable progress.  Its recent insightful acquisition of DNA cluster technology has now closed the signal-to-noise gap it faced, and should enable shipments in 2005. 

 

“While other companies propose stretching the microtiter plate concept to the limit with expensive microfluidic designs, Solexa has moved directly to the molecular level.  This promises thousand fold higher density than the finest microfluidic chambers, with none of the complexity.”

 

Mr West joined Solexa from Applied Biosystems, Inc. (AB) where he was Vice President of DNA Platforms. This included responsibility for the company’s instrument and reagent products for DNA sequencing, gene expression, genotyping, PCR and DNA synthesis.  His group developed and launched the instruments that now populate virtually all genome sequencing centers worldwide.  He also had business responsibility for AB’s first gene expression array system, for its real-time PCR instruments, and for its microfluidic PCR products.

 

During his 22 years in the industry, Mr. West has held senior positions, including President of Princeton Instruments, Inc., President and Founder of BioAutomation, Inc. and Marketing Director for Microfluidics at Microcosm Technologies, Inc.  During Mr. West’s term at Princeton Instruments, the company introduced the first low light imaging system for single molecule fluorescence - and Solexa, at that time a startup, bought one of the first units.  Mr. West holds BS and MS degrees in engineering from MIT and an MBA in Finance from the Wharton School at the University of Pennsylvania .

 

Welcoming Mr West to the Company and the Board, Dr Tim Rink, Solexa’s Chairman said:

“John brings a wealth of skills and experience that will be vital to Solexa as it commercialises its advanced genetic analysis technology. He brings both large company organisation and process experience and smaller company entrepreneurial leadership background.  He has built market-leading businesses with dramatic revenue growth in market and technology areas very relevant to Solexa’s aims.

 

“On behalf of the board and the investors I would also like to thank Nick McCooke for his able stewardship and hard work that has brought Solexa so far, so quickly.”

 

Mr McCooke will remain with the Company for an interim period in order to effect a smooth transition.

 

- ends - 

 

For more information, please contact:

 

At Northbank Communications

 

Rebecca Todd, Account Manager, Tel: +44 (0)20 7886 8157, Mobile: +44 (0)7801 573073, E-mail: r.todd@northbankcommunications.com

 

Sue Charles, CEO, Tel: +44 (0)20 7886 8152, Mobile: +44 (0)7968 726585, E-mail: s.charles@northbankcommunications.com

 

At Solexa

 

In USA : John West, CEO, Tel: +1 (650) 926-0604, Email: john.west@solexa.com

 

In Europe: Simon Bennett, Business Development, Tel: +44 (0)1799 532 300, Mobile : +44 (0)7768 014597, Email: simon.bennett@solexa.com

 

About Solexa

 

Solexa’s ultimate goal is to develop systems capable of individual human genome analysis within the financial constraints of the medical diagnostic industry.  This would transform genetic diagnostics from target-specific confirmatory tests (niche products) into ubiquitous hypothesis-free baseline medical data. The ability to read the whole genome sequence and/or gene expression profiles of individuals, quickly and economically, will also be a fundamental tool in the development of the biological and medical sciences in the 21st century.

 

Solexa is a private company developing instrument and reagent systems based on single molecule array technology.  In this technology, arrays are formed by depositing a dense lawn of molecules on a surface similar to a microscope slide.  The individual molecules are then analysed in place, with the spatial resolution of the array determined by the size of the molecules rather than by a photolithographically defined microfluidic cell or hybridisation pixel.  This advantage is extended by use of a novel chemistry that builds up data, base-by-base, at each molecule.  Compared with conventional arrays, that provide a single reading at each location, this gives single molecule arrays a third dimension, greatly expanding the amount of data generated per array.  With this technology, single molecule arrays are expected to provide data densities approximately a thousand fold higher than those of arrays based on either hybridisation or micro-PCR wells.

 

Detection of single molecules is extremely challenging technologically.  While Solexa has made significant progress towards pure single molecule arrays as its ultimate goal, it has acquired cluster technology – in which PCR is used to amplify individual molecules - to let it reach market much more quickly.  Solexa is the only company with access to both pure single molecule and amplified single molecule array platform technologies.  This establishes a roadmap for successful early product launch with a sustained price / performance advantage into the future.

 

With the potential to sequence as many as a billion separate DNA molecules in parallel, Solexa’s technology is expected to allow a single instrument to re-sequence a complete human genome at ten fold coverage in ten days.  With this throughput, the technology can also potentially support analysis of over a thousand whole-genome gene expression profiles in parallel on a single instrument.  This throughput, tremendously valuable in its own right, also provides an unprecedented cost advantage in both areas of genetic analysis.

 

Since Solexa arrays are based on analysis of individual molecules, the amount of material needed for each analysis is vanishingly small.  This may enable genome-scale analysis from as little as a few cells.  This sensitivity level in itself is expected to enable new experiments, with cancer and stem cell samples in particular. 

 

Solexa was spun out of Cambridge University in 1998 and now employs a broadly international staff of 47, mostly PhD scientists.  To date, it has raised $42 million in venture capital.  By combining first rate internal development with insightful external acquisition, Solexa has built the leading intellectual property estate in the field of single molecule array technology.  Initial revenues are expected in 2005.

 

Further information can be found at www.solexa.com
 
 

 

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