Cambridge, UK and Shanghai, China, 12 April : Today Abcam (AIM: ABC; NASDAQ: ABCM), a global innovator in life science reagents and tools, and MEDxTranslational Medicine (MEDx), formerly QIAGEN (Suzhou) Translational Medicine Co., Ltd., a company dedicated to developing companion diagnostics and precision medicine, announced the extension of their strategic partnership to include the co-development and commercialization of key companion and in vitro diagnostic kits for MEDx to supply to the Chinese market.
Under the terms of the agreement, the partners will together define target product profiles that will support the growth of precision diagnostic for selected indications in China. Abcam will provide MEDx with access to the corresponding validated specific antibodies from their pipeline and portfolio and will co-create novel binders as required. MEDx will complete the development of these into companion diagnostics and in vitro diagnostic kits for wider commercialization.
This agreement builds on an existing collaboration formed in 2018, which has delivered antibody solutions designed specifically to support the development and commercialization of several in vitro diagnostic reagents and kits by MEDx that address key targets, including NY-ESO-1, Claudin 18.2, HER2, Trop2, LAG-3 and CD73.