tebu-bio to Distribute Covalys' SNAP-tag Products for Protein Labeling in Europe

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Covalys and tebu-bio today announced that they have entered into an agreement under which tebu-bio will be Covalys' exclusive European distributor.

Covalys and tebu-bio today announced that they have entered into an agreement under which tebu-bio will be Covalys' exclusive European distributor. By adding Covalys' intracellular and in-vitro protein labeling kits to their offering, the agreement strengthens tebu-bio's position as a comprehensive pan-European provider of cutting-edge consumables for Life Science research.

Covalys' products allow rapid specific labeling of proteins inside live cells and in complex mixtures with a variety of fluorophores and affinity labels. These products are based on the proprietary self-labeling SNAP-tag technology and are provided under an open access license allowing for commercial use of the kits, including fee-for-service applications. The SNAP-tag technology is therefore an attractive alternative to fluorescent proteins for cell imaging studies, and will expand the tools available to biologists to study protein function and interactions.

Under the agreement, tebu-bio is the exclusive distributor of Covalys' product offering in Germany, France, UK, Italy, Spain, the Netherlands, Belgium, Luxembourg, and Scandinavian countries. Among the high-profile research products tebu-bio already has in its catalogue are Genospectra's Parallel Quantitative Biology (PQB) technologies and Quantum Dots novel solutions for biomolecular detection.

"We are extremely happy to have tebu-bio as a partner in Europe," said Christoph Bieri, Covalys' CEO. "tebu-bio is the only European distributor of life science reagents which is present in all major countries. This will give all scientists in this area immediate access to customer support in their native language. There is a nice fit of the SNAP-tag technology with tebu-bio's existing portfolio, and we are convinced they will make a great job of promoting and distributing our products."

"tebu-bio is very pleased to be selling Covalys SNAP-tag reagents," said Donald van Dijk, CEO of tebu-bio. "We are continuously looking for innovations and partnerships, and only ever consider the very best that can benefit our customers. Covalys versatile technology has been highlighted in Nature's 'Hottest Technologies of 2004,' and will allow us to continue to offer superior labeling technologies to our European customers."

About Covalys Biosciences AG:

Covalys provides products that help researchers in academic institutions and pharmaceutical and biotech companies to improve the efficiency of research into proteins and their function. Its SNAP-tag technology is the first commercially available protein tag which covalently links itself to any chemical probe provided as a substrate. Covalys' technology is exclusively licensed from the Swiss federal Institute of Technology Lausanne (EPFL). Founded in June 2002, Covalys has its headquarters in Witterswil near Basel, Switzerland. For more information, visit Covalys' website: http://www.covalys.com

About tebu-bio:

tebu-bio is specialized in reagents for research and custom services in the field of life sciences. Our goal is to help scientists from academic and private laboratories succeed in their daily work by providing innovative tools adapted to their needs. This is possible thanks to outstanding support from a qualified sales force and a team of scientists for advice, and efficient logistic service for optimised delivery. For more information, visit tebu-bio website: http://www.tebu-bio.com

Trademarks: SNAP-tagTM is a registered trademark of Covalys Biosciences AG.

Media Contact:

Tom Gibbs

Covalys Biosciences AG

Phone +41 (0)61 725 20 60

tom.gibbs@covalys.com

Media Contact:

Didier Lecommandeur

tebu-bio

Phone +33 (0)1 30 46 39 10

didier.lecommandeur@tebu-bio.com

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Tom Gibbs
Covalys
+41-61-725-20-60
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