Friday, August 17, 2007

Cepheid signs deal for up to $200M in anthrax tests

As seen in the Silicon Valley / San Jose Business Journal

- 9:20 AM PDT Thursday, August 16, 2007

" Molecular diagnostics company Cepheid Corp. said Thursday it entered a five-year agreement for up to $200 million in anthrax test cartridges for the U.S. Postal Service.

Sunnyvale-based Cepheid (NASDAQ:CPHD) said the cartridges are used in biohazard detection systems and installed at mail processing centers nationwide.

Cepheid said its system rapidly analyzes air samples taken from the mail sorting systems in order to detect any potential trace levels of DNA from anthrax spores as mail travels through the mail processing equipment. "

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