Versant Powers High-Performance Bioinformatics Firm Eidogen
Target Informatics Platform Speeds Discovery of Cures for Diseases, Aimed At
Major Pharmaceutical Companies
FREMONT, Calif., Aug. 26 /PRNewswire-FirstCall/
-- Versant Corporation (Nasdaq: VSNT), an industry
leader in enterprise-level systems involving
real-time and object data, today announced that
Eidogen, Inc. embeds the Versant database in
the revolutionary Eidogen Target Informatics
Platform (TIP). Versant expects to gain new deployments
as the pharmaceutical and biotechnology companies
worldwide adopt Eidogen's new platform.
Eidogen is an innovative company in the field
of computational drug discovery, founded by Derek
Debe, Ph.D. and William Goddard, Ph.D. Dr. Goddard
is The Charles and Mary Ferkel Professor of Chemistry
and Applied Physics at the California Institute
of Technology. Dr. Debe is the developer of the
STRUCTFAST protein structure determination technology
at Caltech, which
Eidogen has licensed as a foundation of its Target
Informatics Platform.
Eidogen's TIP is the world's first structural
and comparative proteomics enterprise software
solution. TIP allows drug discovery researchers
and organizations to attack their druggability,
selectivity, toxicity, and reduced market exclusivity
problems. TIP supports new and truly collaborative
research in target prioritization, lead discovery,
and lead optimization. TIP includes mathematical
models uniting protein sequences, structures,
and drug binding sites. The biochemical data
and additional proprietary algorithms are captured
as object-oriented software code.
"
Versant plays a crucial role in TIP as the
storage facility for all of our biochemical
data," said Dr. Debe, co-founder, president
and chief executive officer of Eidogen. "Other
bioinformatic approaches often attempt to 'map'
the complex biological connections into a relational
database for long-term storage, resulting in
very cumbersome code and very poor performance.
The complex connections encountered in biology
are best expressed as direct references between
objects, because that's what they really are.
Versant makes it easy to build a system based
on these biological models. Without Versant
technology, this product would have been almost
impossible to build within our time constraints."
"Versant is pleased to play a critical
role in Eidogen's success," said Nick Ordon,
president and chief executive officer of Versant. "Their
advances will result in new discoveries in human
genomics to help deliver drugs that treat disease
and improve people's lives. The potential of
being deployed in major pharmaceutical companies
and being a part of the drug discovery process
is very exciting and important for Versant."
VDS Object Database, now in its 6th generation,
is the industry's only truly scalable, enterprise-capable
object database management system. It is uniquely
suited to handle the storage and access needs
of complex graph, navigational and hierarchical
data. For this class of data and access needs,
it provides a superior high-performance and agile
alternative to custom handcrafted solutions that
are needed with traditional relational storage
formats. Through features such as online schema
evolution, dual caching, replication and fault
tolerance, Versant customers have enjoyed superior
performance, reliability and scalability, reduced
development times and the ability to adapt to
changing business conditions.
About Versant
Versant Corporation has led the
industry in highly scalable, reliable object
management and
real-time solutions for complex enterprise-level
systems since it’s founding in 1988. The
company's Object Database Management System (ODBMS)
serves as the core database for fraud detection
yield management, real-time data collection and
analysis, operation support systems (OSS) and
other large-scale applications in the telecommunications,
financial services, transportation and defense
industries. Versant manages data for mission-critical
systems in use by British Airways, US Government,
Financial Times, and other leading Global 1000
companies. Versant has recently broadened its
product line to offer real-time solutions for
manufacturing, security and logistics. For more
information, call 510-789-1500 or visit http://www.versant.com.
About Eidogen, Inc.
Eidogen is a Pasadena, California-based company
committed to developing the finest computational
drug discovery platforms ever developed. Eidogen's
Target Informatics Platform (TIP) is the world's
first structural and comparative proteomics enterprise
software solution. TIP allows drug discovery
researchers and organizations to attack their
druggability, selectivity, toxicity, and reduced
market exclusivity problems by supporting new
and truly collaborative research in target prioritization,
lead discovery, and lead optimization. Please
visit http://www.eidogen.com to learn more.
Forward Looking Statements Involve Risks and
Uncertainties
This press release may contain "forward-looking" statements
as that term is defined in the Private Securities
Litigation Reform Act of 1995, including statements
about Versant's business relationship with Eidogen
and the impact this may have on Versant's performance.
Investors are cautioned that any such forward-looking
statements are not guarantees of future performance
and involve risks and uncertainties. Actual events
or results may differ materially from those discussed
in the forward-looking statements as a result
of various factors. These factors include, but
are not limited to Versant's expectations, beliefs,
intentions or strategies regarding such relationship,
the continued relationship with Eidogen, the
market acceptance of an enterprise-wide proteomics
platform, and Eidogen's adoption and continued
success in the bioinformatics sector. These statements
involve risks and uncertainties that may cause
Versant's actual results to differ materially
from those expressed or implied by such forward-looking
statements, including
the risk that customers may not perceive material
benefits from these solutions and the risk that
the solutions may fail to deliver the expected
functionality. These and other related risks
are described in more detail in the Company's
filings with the Securities and Exchange Commission,
including the Company's most recent Reports on
Form 10-K and 10-Q made with the
Securities and Exchange Commission. The forward-looking
statements included in this press release are
made only as of the date of this press release,
and the Company has no obligation to publicly
update these forward-looking statements to reflect
subsequent events or circumstances.
NOTE: Versant, VDS and ODBMS are either registered
trademarks or trademarks of Versant Corporation
in the United States and/or other countries.
All other products are a registered trademark
or trademark of their respective company in the
United States and/or other countries.
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