Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Laboratory Corp. of America Holdings    LH   US50540R4092

SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisionsForum 

Laboratory Corp. of America Holdings : XDx and LabCorp Enter Into Collaboration and License Agreement to Develop Lupus Flare Predictor Test

05/23/2012| 07:35am US/Eastern
Recommend:
0

XDx, Inc. announced today that it has entered into a collaboration and license agreement with Laboratory Corporation of America® Holdings (LabCorp) (NYSE: LH) whereby each party will collaborate in marker discovery, and LabCorp will develop and commercialize a diagnostic test to predict flares of systemic lupus erythematosus (SLE). The agreement combines XDx's autoimmune diagnostics research and discovery experience and SLE blood sample database with LabCorp's diagnostic development and commercialization resources. Financial terms of the agreement were not disclosed.

SLE, also known as lupus, is a chronic autoimmune disease affecting over 1.5 million people in the U.S., according to the Lupus Foundation of America. Lupus disease flares are periods of increased disease activity. The major challenge for physicians managing patients with lupus is to treat this active phase without allowing the treatment itself to cause long-term damage. Treatment for active lupus differs, depending on the organ systems involved and disease severity. Current treatment often includes a combination of drugs.

Pierre Cassigneul, XDx's President and Chief Executive Officer, commented, "Building upon our success in the immune-mediated diagnostic market with our first approved product, AlloMap® Molecular Expression Testing, XDx is dedicated to expanding its pipeline of high value diagnostic tests to other diseases that involve the activity of the immune system. In lupus, we have developed an extensive, proprietary database of lupus blood samples that we will use in collaboration with LabCorp to initiate its development of a biomarker for the flare test. We look forward to a fruitful relationship with this world-class partner."

"Lupus remains a critical area of unmet medical need, and new tests are needed to help clinicians anticipate when patients may need additional therapeutic interventions for the treatment of flares," stated LabCorp's Chief Medical Officer, Dr. Mark Brecher. "This agreement with XDx advances our strategy of developing and introducing tests to provide personalized information that can be used to help physicians and their patients."

About XDx

XDx, Inc., based in Brisbane, California, is a molecular diagnostics company focused on the discovery, development and commercialization of non-invasive tests for the monitoring of transplant rejection and autoimmune diseases. The company has developed AlloMap Molecular Expression Testing, an FDA-cleared test, which provides transplant physicians with a tool to aid in the determination of the probability of acute cellular rejection for post-cardiac transplant patient management. Some of the AlloMap technology developed and implemented by XDx in heart transplant patient management may be applicable to other conditions that involve transplant rejection and diseases that affect the immune system. XDx's non-invasive technology offers the potential to decrease healthcare costs and improve the quality of life for patients with a variety of life-threatening or life-altering immune-mediated diseases. For more information, please visit: www.xdx.com.

Media
Burns McClellan
Justin Jackson
Michelle Szwarcberg
Tel: 212-213-0006
jjackson@burnsmc.com
mszwarcberg@burnsmc.com
or
XDx, Inc.
Matthew Meyer
Chief Business Officer
Tel: 415-287-2393
mmeyer@xdx.com


© Business Wire 2012
Recommend :
0
Partner Area
React to this article
 
Latest news on LABORATORY CORP. OF AMERIC
05/08 LABORATORY CORP. OF AMERICA HOLDINGS: LabCorp is Scheduled to Present at the Ba..
05/02 LABORATORY CORP. OF AMERICA HOLDINGS: LabCorp to Webcast Its Annual Meeting of ..
04/19 LABORATORY CORP. OF AMERICA HOLDINGS: Laboratory Corporation of America® Holdin..
04/16LABORATORY CORP. OF AMERICA HOLDINGS: quaterly earnings release
04/08 LABORATORY CORP. OF AMERICA HOLDINGS: Conversion Right Triggered for LabCorp's ..
04/01 LABORATORY CORP. OF AMERICA HOLDINGS: LabCorp Announces the Availability of Exp..
04/01 LABORATORY CORP. OF AMERICA HOLDINGS: LabCorp Clinical Trials Selected as a Pre..
03/21 LABORATORY CORP. OF AMERICA HOLDINGS: Morning Research on Agilent Technologies,..
03/11 LABORATORY CORP. OF AMERICA HOLDINGS: LabCorp's Zero Coupon Convertible Subordi..
03/11 LABORATORY CORP. OF AMERICA HOLDINGS: LabCorp Announces Change to Board of Dire..
Advertisement
Chart
Duration : Period :
Laboratory Corp. of Americ Technical Analysis Chart | LH | US50540R4092 | 4-Traders
Income Statement Evolution
Laboratory Corp. of Americ : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF
Copyright © 2013 Surperformance. All rights reserved.