Celera Genomics Completes Sale of Investment
Rockville, MD - May 12, 2004
Celera Genomics Group (NYSE:CRA), an Applera Corporation business, announced today that it has completed the sale of its investment in Discovery Partners International, Inc., from which it expects to receive net proceeds of approximately $32 million. Celera Genomics sold 7,222,000 shares of Discovery Partners common stock in a public offering at a price to the public of $5.00 per share. Celera Genomics acquired these shares in connection with its purchase of Axys Pharmaceuticals, Inc. in November 2001.
About Celera Genomics Group and Applera Corporation
Applera Corporation consists of two operating groups. The Celera Genomics Group, located in Rockville, MD, and South San Francisco, CA, is engaged principally in integrating advanced technologies to discover and develop new therapeutics. Celera intends to leverage its proteomic, bioinformatic, and genomic capabilities to identify and validate drug targets, and to discover and develop new therapeutics. Its Celera Discovery SystemTM online platform, marketed exclusively by Applied Biosystems, is an integrated source of information based on the human genome and other biological and medical sources. The Applied Biosystems Group serves the life science industry and research community by developing and marketing instrument-based systems, consumables, software, and services. Customers use these tools to analyze nucleic acids (DNA and RNA), small molecules, and proteins to make scientific discoveries, develop new pharmaceuticals, and conduct standardized testing. Applied Biosystems is headquartered in Foster City, CA, and reported sales of $1.7 billion during fiscal 2003. Celera Diagnostics, a 50/50 joint venture between Applied Biosystems and Celera Genomics, is focused on discovery, development, and commercialization of novel diagnostic products. Information about Applera Corporation, including reports and other information filed by the company with the Securities and Exchange Commission, is available at www.applera.com, or by telephoning 800.762.6923. Information about Celera Genomics is available at www.celera.com.
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