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Article: Hitachi and Nanogen Form Long-Term Collaboration.

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PR Newswire
Article date:
August 2, 2000
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Joint Investments in Resources Could Exceed $200 Million Over Ten Years

SAN DIEGO, Aug. 2 /PRNewswire/ --

Nanogen, Inc. (Nasdaq: NGEN) and Hitachi, Ltd., Nissei Sangyo Co. Ltd. and Hitachi Instruments Service Co. Ltd. of Japan (hereinafter collectively referred to as "Hitachi") announced today the signing of a long-term collaboration for the development, manufacturing and distribution of products based on Nanogen's and Hitachi's proprietary technologies. The ten year agreement provides the framework for a joint investment of approximately $57 million in applications development funding. The parties also anticipate further investments in instrument ...

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