WALTHAM, Mass., April 10, 2013 (GLOBE NEWSWIRE) -- BG Medicine, Inc. (Nasdaq:BGMD), a company focused on the development and commercialization of novel cardiovascular diagnostics, welcomed the announcement today that Abbott has obtained a CE Mark for the Galectin-3 assay run on the ARCHITECT immunochemistry platform.
The launch of the ARCHITECT Galectin-3 test under CE Mark will further expand the availability of galectin-3 testing in several European countries, pending country registration. BG Medicine is partnering with four diagnostic instrument manufacturers to commercialize automated versions of the BGM Galectin-3 test.
"The launch of the ARCHITECT Galectin-3 test under CE Mark is another important step in our commercial strategy. We are very pleased with the progress made by our partner Abbott, a worldwide leader in in vitro diagnostics, to expand the use of galectin-3 testing in heart failure patients," said Eric Bouvier, President and Chief Executive Officer of BG Medicine. The announcement will strengthen our ability to drive the growth of galectin-3 testing throughout the world.""Galectin-3 is a powerful indicator of prognosis and risk for readmission in heart failure. Having a rapid turn-around galectin-3 result means heart failure patients at high-risk for such adverse events can be more readily identified," said Stefan Anker MD, PhD and President of the Heart Failure Association of the European Society of Cardiology. "Given the rise in heart failure, it is critical we introduce new tools that aid fast clinical decision making processes and provide options to explore new interventions." In addition to Abbott, BG Medicine is partnering with Alere Inc., bioMérieux SA, and Siemens Healthcare Diagnostics Inc. to supply automated versions of its galectin-3 test to key segments of the market. Earlier this year, bioMérieux SA launched the test in Europe and in certain other territories that recognize the CE Mark. About Galectin-3 testing Galectin-3 has been implicated in a variety of biological processes important in the development and progression of heart failure. Higher levels of galectin-3 are associated with a more aggressive form of heart failure, which may make identification of high-risk patients using galectin-3 testing an important part of patient care. Galectin-3 testing may be useful in helping physicians determine which patients are at higher risk of death or hospitalization, including 30-day readmission.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
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
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV