"Compendia has become an integral part of the pharmaceutical industry's cancer drug discovery programs, and in joining Life Technologies, we'll gain the opportunity to expand the utility of Compendia even further," said Daniel R. Rhodes, Compendia's Chief Executive Officer and co-founder, who will join Life Technologies following the acquisition.
Compendia co-founder Arul Chinnaiyan, M.D., Ph.D., a pioneer in the field of cancer research, will serve as strategic advisor to Life Technologies, helping to shape the company's further steps into personalized medicine.
Cancer Biology Expertise Enhances Life's Diagnostics Development Capability"Compendia is highly regarded by its customers as a preeminent source of cancer biology expertise," said Ronnie Andrews, President of Medical Sciences at Life Technologies. "That expertise will serve as a content engine to drive development of diagnostic content across the breadth of Life platforms.
"Initially, tests like Pervenio™ Lung RS, will be offered as a service through our CLIA laboratory, but our longer-term goal is to commercialize diagnostic products on Life platforms for use in hospitals labs, where the majority of patients are treated," Andrews said. "All patients should have access to an opportunity to benefit from the extensive knowledge base that has been gained through decades of research."In addition to enabling Life Technologies' ability to develop its own lab-developed and commercial tests, the Compendia acquisition will enhance Life's companion diagnostics effort and positions the company as a partner of choice for pharma. Life can now offer best-in-class products and services for target discovery and validation, biomarker analysis, clinical sample testing, companion diagnostics development and clinical implementation. Life Technologies plans to develop a clinical version of Oncomine™, which will allow physicians to compare their patients' genetic signatures against large data sets to determine the most effective drug protocols. A seamless transfer of the bioinformatics data into easy-to-use, actionable information will be possible with the treating physician portal repurposed from the Navigenics acquisition.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts