Singapore, June 2, 2008: Singapore’s Curiox Biosystems has entered into a sales partnership agreement with Seoul-based BioBud covering the exclusive distribution of the Curiox DropArray Products in South Korea.

 

The patent-pending technology platform from Curiox facilitates the convenient and cost-efficient miniaturization of aqueous bioassays for drug discovery and other life science applications. The technology from Curiox enables up to a thousand-fold reduction in the amount of material and reagent required while simultaneously reducing reaction time up to by a factor of ten.

 

Sales are expected to reach a few million dollars over the next three years with potentially much larger revenues from new products currently in the development pipeline. Korea is one of most active countries in Asia in the biotech sector. According to the Bioindustry Association of Korea, the size of its biotech market was $ 2.7 billion in 2006, with an annual growth rate of

18%. Curiox’s DropArray product line is expected to take advantage of this rapidly growing market. Curiox’s products will help Korean customers compete more effectively in this increasingly competitive market by reducing operating costs and time significantly, while enabling challenging research projects with limited samples and reagents.

 

Dr Namyong Kim, CEO of Curiox, said, “BioBud is the first international distributor for Curiox. The distribution partnership represents an excellent opportunity for both companies, Curiox and BioBud. The distribution contract with a leading Korean biotech company, BioBud, shows the level of trust in, and superiority of, DropArray products in spite of our company’s short history. BioBud’s extensive network and understanding of the Korean biotech market is expected to provide the ideal partnership for Curiox to enter and capture this market.”