CLINICAL DATA ACQUIRES EPIDAUROS BIOTECHNOLOGIE AG.Clinical Data, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CLDA CLDA California Lyme Disease Association ), Newton, Mass., has acquired privately held Epidauros Biotechnologie AG of Bernried, Germany, in a cash transaction valued at 8.75 million euros (or approximately $11.84 million). Epidauros brings to Clinical Data an established portfolio of proprietary genetic biomarkers, expertise in genetic biomarker discovery Biomarker discovery is the process by which biomarkers are discovered. It is a medical term. Many commonly used blood tests in medicine are biomarkers. The way that these tests have been found can be seen as biomarker discovery. , relationships with leading diagnostic companies, and a fast- growing pharmacogenomics services business. Among the strategic assets acquired by Clinical Data in the transaction is a significant intellectual property portfolio that includes biomarkers in genes relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc prominent drug transporters such as MDR MDR, n See multidrug resistance. MDR, n the abbreviation for minimum daily requirement, specifically the Minimum Daily Requirements for Specific Nutrients compiled by the United States Food and Drug Administration. 1, OCT OCT ornithine carbamoyltransferase; oxytocin challenge test. OCT ornithine carbamoyl transferase, a liver specific enzyme. OCT Oxytocin stress test, see there 1, MRP (Material Requirements Planning) An information system that determines what assemblies must be built and what materials must be procured in order to build a unit of equipment by a certain date. 1, and important cytochrome cytochrome (sī`təkrōm'), protein containing heme (see coenzyme) that participates in the phase of biochemical respiration called oxidative phosphorylation. P450 drug metabolizing genes, such as CYP2B CYP2B Cytochrome P450 2B 6 and CYP CYP In currencies, this is the abbreviation for the Cyprus Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2D6. MDR1 encodes P-glycoprotein, a key protein involved in drug transport that is known to modulate drug disposition. In addition, the genes CYP2B6, OCT1, and MRP1 are implicated im·pli·cate tr.v. im·pli·cat·ed, im·pli·cat·ing, im·pli·cates 1. To involve or connect intimately or incriminatingly: evidence that implicates others in the plot. 2. in the absorption, distribution, and metabolism of many drugs that span a variety of therapeutic classes and indications, and are likely to be important in both response and safety profiles for these drugs. Clinical Data's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Drew Fromkin, said, "We are pleased to have completed this highly strategic transaction, which we believe will enhance Clinical Data's ability to bring valuable, proprietary pharmacogenetic tests to market. Epidauros' intellectual property portfolio holds great promise in critical areas related to drug transport and distribution. In turn, these genetic markers should play a significant role in better understanding drug response in individuals." "The acquisition of Epidauros also brings to us the assets, know-how, and staff for which Epidauros is so well-respected. In particular, Epidauros will provide Clinical Data with additional scientific expertise, biotechnology partnering capabilities and a deep understanding of European clinical markets. Epidauros has grown its pharmacogenetic services business in support of the pharmaceutical and biotechnology industries and earned a reputation for excellence throughout Europe and the US. We expect the capabilities of Epidauros' laboratories to complement those of Clinical Data and to contribute a strong local presence in the important German market. With our operations in the UK and France, this transaction provides Clinical Data with laboratories in three top European markets." To further advance the combined abilities of the two companies and to expand Clinical Data's clinical testing and targeted therapeutics programs, Michael Lutz, Ph.D., the current CEO of Epidauros, has agreed to join PGxHealth as the senior vice president of Pharmacogenetic Partnerships. Dr. Lutz commented, "We welcome the opportunity to become a part of Clinical Data and are excited to join forces and work toward building the world's leading pharmacogenetic enterprise. At Epidauros, we are proud of our history of innovation and our track record with respect to providing pharmacogenetic solutions to many partners. We can now further leverage Epidauros' and Cogenics' support of pharmaceutical trials with our leading pharmaceutical clients. Together, the companies have supported more than 1,000 clinical trials over the past several years. Moreover, the combination of Clinical Data's and our expertise and intellectual property will greatly enhance the collective ability of the companies to develop companion diagnostics to guide drug development and prescribing." "This acquisition parallels what has been happening in the pharmaceutical industry for many years and should be regarded as being highly positive," said Professor Munir Pirmohamed, Professor of Clinical Pharmacology at The University of Liverpool The University of Liverpool is a university in the city of Liverpool, England. History The University was established in 1881 as University College Liverpool, admitting its first students in 1882. . "It combines the forces of two well-known companies in this field and provides the infrastructure and expertise to improve the evidence base that is needed to incorporate pharmacogenetic diagnostics into clinical practice. I collaborate with both companies as academic-industrial collaborations are important in keeping with the research strategies of most governments and are ultimately needed to show the clinical validity and utility of pharmacogenetics Pharmacogenetics Definition Pharmacogenetics is the study of how the actions of and reactions to drugs vary with the patient's genes. Description for the management of expensive and complex disease areas. Hence, genes for drug transporters, such as MDR1 and OCT1 will prove to be as important as the Cytochrome P450 system in determining plasma and tissue levels of drugs, and thereby the efficacy and toxicity of drugs in disease areas including but not limited to oncology, cardiology, CNS See Continuous net settlement. CNS See continuous net settlement (CNS). , metabolic, and inflammatory diseases and pain." About Clinical Data, Inc. Clinical Data, Inc. is a global biotechnology company unlocking the potential of molecular discovery, from targeted science to better healthcare. Its PGxHealth division focuses on genetic test and biomarker development to help predict drug safety and efficacy, thereby reducing health care costs and improving clinical outcomes. Its Cogenics division provides molecular and pharmacogenomics services to both research and regulated environments. Its Vital Diagnostics division offers in vitro diagnostics In vitro diagnostic (IVD) tests are medical tests conducted in a test tube, or more generally in a controlled environment outside a living organism. In vitro means in glass in Latin. solutions for the clinical laboratory. Through these divisions, Clinical Data is leveraging advances in molecular discovery to provide tangible benefits for patients, doctors, scientists and health plans worldwide. For more information, visit http://www.clda.com or call 617/527-9933, ext. 3350. About Epidauros Epidauros investigates the genetic factors that influence a person's response to a drug and makes drug development and therapy safer, more efficient and more predictive. The company has established itself as a worldwide leading Pharmacogenetic Research Organization (PRO) providing innovative, integrated and value-added solutions to an international customer base consisting of pharmaceutical companies, CROs and other companies acting in the field of health care. Thanks to the pharmacogenetic expert knowledge of its qualified scientific team, Epidauros is a competent partner for contract research to reveal new pharmacogenetic targets and polymorphisms that impact drug response. In addition, Epidauros has brought together a network of competent partners to do research and has established its own intellectual property base in the field. The company is located in Bernried near Munich and was founded as a pioneering company in the field of pharmacogenetics in 1997. For more information, visit http://www.epidauros.com. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion