Austin, TX (PRWEB) August 24, 2009
Along with supply and equipment cargo bound for the International Space Station, Space Shuttle Discovery STS-128 will carry an additional scientific payload being conducted by Austin-based Astrogenetix, the first commercial space company to use microgravity to discover the foundation of new medicines.
Specifically, research will be conducted on Staphylococcus aureus and Salmonella microbes in search of a potential target for a therapeutic agent or vaccine candidate. These bacterial microbes are known to cause hundreds of thousands of medically diagnosed infections every year around the world.
Astrogenetix has worked closely with NASA to fully utilize the International Space Station, one of NASA's primary priorities. The Company has flown on five shuttle missions performing drug development in microgravity since its formation in early 2008, has been designated a National Lab Pathfinder and is slated to fly on all remaining shuttle missions.
"Through our unique Vaccine Processing Platform, we hope to discover new medicines in space that will benefit lives on Earth," said John Porter, chief executive officer of Astrogenetix, and senior vice president and chief financial officer of parent company Astrotech Corporation.
When operated in microgravity, the Astrogenetix Vaccine Processing Platform dramatically reduces time-to-vaccine discovery because microgravity elicits unique interactions in biological systems that do not occur in terrestrial laboratories. Returning samples from this flight will be examined and added to Astrogenetix's growing database of biomarker research. Post-flight analysis will immediately ensue at terrestrial labs in search of specific drug candidates gleaned from the results.
"We're really on the forefront of something big here," said Thomas B. Pickens III, Astrotech's chief executive officer and chairman of the board. "We have an acclaimed space science team, combined with the world's most advanced technology, to lead the field of medical discovery into the next frontier."
Astrogenetix, Inc. was formed by Astrotech Corp. to commercialize biotechnology products processed in the unique environment of microgravity. Over the last 25 years, Astrotech Corp. has supported the launch of 23 shuttle missions and more than 260 spacecraft, built space hardware and processing facilities, and prepared and processed scientific research for microgravity.
About Astrogenetix, Incorporated
Astrogenetix is the first commercial biotechnology company to use the unique microgravity environment of space to develop novel therapeutic products. A subsidiary of Astrotech Corporation (Nasdaq: ASTC), Astrogenetix was formed to commercialize biotechnology products processed in the unique environment of microgravity. The Company also offers a turn-key platform for pre-flight sample preparation, flight hardware, mission planning and operations, crew training and certification processes needed within the highly regulated and complex environment of manned space flight. For more information about Astrogenetix, Inc. please see our website at http://www.astrogenetix.com
About Astrotech Corporation
Astrotech Corporation is one of the first commercial space companies and remains a strong entrepreneurial leader in the aerospace industry. The Company serves our government and commercial satellite and spacecraft customers with our pre-launch services from our Astrotech Space Operations subsidiary. Additionally, the Company incubates space technology businesses, now having formed three companies; the 1st Detect Corporation which is developing a breakthrough mini-mass spectrometer first created for the International Space Station; Astrogenetix, Inc. which is producing biotech products in space and has recently developed a vaccine candidate for Salmonella; and Airward Corporation which is drawing on its space heritage of sending cargo to space and is selling hazardous material containers for the airline industry.
The statements in this document may contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, trends, and uncertainties that could cause actual results to be materially different from the forward-looking statement. These factors include, but are not limited to, continued government support and funding for key space programs, product performance and market acceptance of products and services, as well as other risk factors and business considerations described in the company's Securities & Exchange Commission filings including the annual report on Form 10-K. Any forward-looking statements in this document should be evaluated in light of these important risk factors. The Company assumes no obligation to update these forward-looking statements.
FOR MORE INFORMATION:
Gwen Griffin for Astrogenetix
gwen (at) griffinmktg (dot) com
or Julie Arnold for Astrotech
Julie (at) griffinmktg (dot) com
or Scott Haywood
Corporate Marketing and Communications
shaywood (at) astrogenetix (dot) com