Life Technologies has announced the acquisition of Compendia Bioscience, a cancer bioinformatics company widely used by the pharmaceutical industry to identify novel gene targets for drug discovery and development. Its deep oncology expertise and high-value, proprietary assets enhance Life’s diagnostic development capabilities across multiple platforms, including next-generation sequencing, qPCR, and proteome analysis.
Compendia’s existing business, which will continue under the leadership of its current management team, adds an established base of pharmaceutical industry customers for Life Technologies’ platforms. Compendia’s oncology data is widely utilized by leading pharmaceutical companies in their drug development work and will extend Life’s abilities to both develop its own tests and to partner with pharmaceutical companies in companion diagnostic development.
“We have created the optimal foundation to drive progress in personalized medicine,” said Gregory T. Lucier, Chairman and Chief Executive Officer of Life Technologies. “By combining the acquisitions of Pinpoint Genomics, Navigenics and Compendia, we now possess the full spectrum capability to develop and commercialize high-value cancer diagnostics where there is currently great unmet need.”
The recent launch of Pervenio Lung RS, a first-of-its-kind prognostic test, underscores Life Technologies’ strategy to focus initially on lung cancer, a highly underserved disease. The company plans to utilize the extensive content in Compendia to springboard to other areas of oncology.
Date: October 8, 2012
Source: Life Technologies
Filed Under: Drug Discovery