Waters and Lambda Cooperate to Shape the Future of the Clinical Research Industry Worldwide
Joint Cooperative Agreement covers innovative laboratory equipment and training programs to enhance research quality and business results
MUMBAI, India, Sept. 17 / / -- Waters Corporation (NYSE:WAT) and Lambda Therapeutic Research Ltd. today announced a joint cooperative agreement that provides innovative analytical laboratory equipment designed to enhance research quality service and business solutions for Lambda and its clients.
The Agreement enables Lambda to meet its international business goals by fulfilling its needs for innovative laboratory equipment, including mass spectrometry, liquid chromatography and laboratory software solutions. Additionally, Waters will share its keen understanding of scientific and laboratory management through dedicated training opportunities.
"This agreement positions Lambda and our clients for international success on scientific and business levels," said AK Dasgupta, Director for Lambda Therapeutic Research. "Lambda's mission is to enhance research quality by continuously upgrading techniques and procedures that ensure scientific validity of all research projects. Key to this vision is aligning ourselves with partners who understand our business and provide real solutions on our service and our business. Waters' product lines and strategic vision for laboratory-driven companies makes them a perfect partner for Lambda."
The agreement paves the way for Lambda's adoption of several Waters products. Topping the list of solutions is the Waters Quattro Premier(TM) XE tandem quadrupole mass spectrometer paired with the ACQUITY UPLC(R) system and MassLynx(TM) software to address Lambda's need to analyze complex biological samples. This Waters UPLC(R)/MS/MS system delivers a complete highly sensitive platform that is internationally regulatory compliant-ready for clinical laboratories that require superior quantitative results and operational efficiency.
"We recognize Lambda Therapeutic Research achievements as an internationally world-class expert in clinical research," said Art Caputo, President of the Waters Division. "Through this Agreement, Waters seeks to share our global understanding of laboratory analytics and provide innovative products with Lambda to produce meaningful scientific and business impact. We expect this Agreement will reinforce and enhance Lambda's research leadership both in India and worldwide."
In addition to covering technology acquisition plans, Lambda and Waters identified specific knowledge-sharing opportunities as well. Waters will host Lambda scientists at its training center in Manchester, England, and invite internationally-renowned analytical scientists to India for on-site Lambda scientific training. Lastly, Waters India will conduct mass spectrometry, liquid chromatography and sample preparation training at Lambda facilities.
About Lambda Therapeutic Research Ltd.
Lambda Therapeutic Research Ltd., India's largest clinical research organisation was established in 1999. Headquartered in Ahmedabad with a clinical facilities in Mumbai, Chennai & Warsaw, Poland Lambda established its credentials as an innovative service provider offering clinical development solutions to global pharmaceutical companies. Lambda partners with drug development programmes in several therapeutic areas, including oncology, gastrointestinal, cardiovascular, neurology, respiratory, autoimmune deficiency, analgesics/inflammation and anti-infectives.
About Waters Corporation
Waters Corporation creates business advantage for laboratory-dependent organizations by delivering practical and sustainable innovation to enable significant advancements in such areas as healthcare delivery, environmental management, food safety, and water quality worldwide.
Pioneering a connected portfolio of separations science, laboratory information management, mass spectrometry and thermal analysis, Waters technology breakthroughs and laboratory solutions provide an enduring platform for customer success.
With revenue of $1.28 billion in 2006 and 4,700 employees, Waters is driving scientific discovery and operational excellence for customers worldwide.
Source: Waters Corporation
CONTACT: KV Venugopalan of Waters India, +080 28371900; Jeff Tarmy of Waters Corporate, +1-508-482-2268; or AK Dasgupta of Lambda Therapeutic Research Ltd., +91 79 4020 2020
Web site: http://www.waters.com/
