Apr 18 2008
BioForce Nanosciences Holdings, Inc., a producer of integrated biological and mechanical systems for life science researchers at the micro and nano scales, today announced that the company has been added as a component of the Ludlow Biotech Index.
"We are pleased to include BioForce Nanosciences in the Ludlow Biotech Index," stated Thomas J. Latino, PhD, head of equity research at Ludlow BioVentures, Inc. "BioForce's record revenue and gross profit for the fourth quarter ending December 31, 2007 indicates that it has a viable business model and is making significant progress in expanding the market for its Nano eNabler system. BioForce's earnings prove that the company has completed a successful transition from a early stage developmental company to one that is a commercial enterprise with a growing base of clients. Ludlow BioVentures believes BioForce will continue to expand the market for its platform product, the Nano eNabler system, and other products throughout 2008, and this makes BFNH an attractive addition to our index."
Kerry Frey, President and Chief Executive Officer of BioForce Nanosciences, said, "We are thrilled to have been added to the Ludlow Biotech Index as it adds to our growing credibility as a provider of integrated biological and mechanical systems at the micro and nano levels. Being part of an index that includes such biotech heavyweights as Affymetrix, Amgen, Biogen Idec, Genentech, Genzyme and Millennium Pharmaceuticals is a tribute to our engineers and to our developing salesforce, and I want to take this opportunity to thank them for their efforts. We expect this to be a harbinger of things to come in 2008."