CYNTELLECT RECEIVES $2.2 MILLION MILESTONE PAYMENT FROM SIGMA-ALDRICH CORPORATION

A A

Cyntellect, Inc., a privately-held biotechnology company, today announced that it has received a $2.2 million equity purchase milestone payment from Sigma-Aldrich. The milestone payment represents Cyntellect's satisfaction of certain terms and conditions under the two companies' exclusive Cell Xpress service commercialization agreement executed one year ago.

PR Newswire (http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/06-07-2006/0004376019&EDATE=)