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[news 2001-2002]



June 7, 2002

PARTEQ Innovations, spinoffs highlight leading-edge technologies at BIO 2002

KINGSTON, ON -- New technologies developed at Queen's University that offer promise in the treatment of cholesterol disease and infertility will be highlighted by PARTEQ Innovations at BIO 2002, the world's largest biotechnology gathering, in Toronto June 9-12.

John Molloy, President and CEO of PARTEQ, and Anne Vivian-Scott, Director of Commercialization, PARTEQ, will showcase the Queen's discoveries at the Technology Transfer Forum, expected to be one of the biggest draws of the three-day convention and exhibition.

Also presenting at the forum will be PARTEQ spinoff companies Cardiomics, Inc., a functional proteomics company focused on the development of diagnostics and therapeutics for heart disease, and GBtherapeutics Inc., a drug discovery company developing small molecules for the treatment of central nervous system and cardiovascular disorders.

"BIO is an excellent opportunity for PARTEQ to bring Queen's-generated advances in life sciences to a broad sector of the biotechnology and investment communities," says John Molloy, President and CEO of PARTEQ Innovations.

The Queen's group joins more than a dozen Kingston companies, organizations and institutions who will be promoting the city's emerging biotechnology sector at the BIO 2002 exhibition in the Metro Toronto Convention Centre. A centrepiece of the Kingston Biotech booth will be leading-edge technology from Qubit Systems, Inc., the Kingston-based designer and manufacturer of laboratory teaching aids and gas detection products. Qubit, one of PARTEQ Innovations' earliest spinoff companies, exports its products to more than 150 universities in 46 countries world wide.

The Kingston Biotech booth, sponsored by the Kingston Economic Development Corporation and directed by Shelagh McDonald, Manager of the Kingston Biotechnology Action Plan, is located within the Canadian pavilion in the south hall of the convention centre.

The theme of this year's BIO is Life Advances - La vie avance. The event, which features more than 150 sessions and symposia with 800 speakers covering 18 program tracks, is expected to attract more than 14,000 participants from 50 countries world wide.

Contact:
Mary Anne Beaudette
Manager, Communications
PARTEQ Innovations
613.533.6000 ext. 78238

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