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Euro Diagnostica merges with Biomonitor – enters the fields of theranostics and personalized medicine

July 28, 2014 - Company News, Product News, Disease Area News
Euro Diagnostica, a leader in diagnostic solutions for autoimmune diseases, has entered into a merger agreement with Biomonitor, a leading company in theranostics and personalized medicine. Biomonitor’s patented cell-based assay platform iLite™, based on reporter gene technology, can both monitor functional drug activity and detect neutralizing antibodies. This provides a unique and extremely versatile tool for optimizing patient treatment. Moreover, reporter gene technology can be used to customize assay development during different stages of biological/biosimilar development and manufacturing.

“Adding Biomonitor to the well-established diagnostics business of Euro Diagnostica brings us closer to our mission of providing personalized answers to patients. As well as state-of-the-art diagnostics, we can now also offer our customers patient-monitoring solutions plus assay development for new biopharmaceuticals. The merger strengthens our position as a full-service diagnostics partner. We will be an even more active player in the future – in the development of new personalized medicine as well as other key areas of healthcare,” says Else Beth Trautner, CEO of Euro Diagnostica.

“Up until now, Biomonitor has been one of the leading companies in the world offering cell-based assay solutions based on reporter gene technology to both major pharmaceutical and biotechnology companies. Through the merger with Euro Diagnostica, we are now able to provide more specialists, clinical laboratories and pharmaceutical companies with functional activity tests that detect drug activity and neutralizing antibodies on the same platform. Moreover, a platform that is in keeping with the recommendations of both the FDA and EMA.” comments Arsalan Kharazmi, CEO of Biomonitor.

Because expensive pharmaceuticals are sometimes overprescribed, and patients develop neutralizing antibodies that make their treatment less effective, more efficacious drugs and optimized treatment could save millions of dollars every year just in disease areas like multiple sclerosis, rheumatic arthritis, inflammatory and gastrointestinal disease, and cancer.

“Since the whole foundation of personalized medicine is to monitor and consequently optimize treatment efficacy, the need for safe and reliable testing is now greater than ever. Drug development faces the same challenges. In fact, the race to find new improved drugs is longer and tougher than ever. But as effective drug development is based on reliable testing, the optimized solutions that our merged companies can now offer should speed up the progress considerably,” concludes Else Beth Trautner.

More information

For questions and further details, please contact:

Else Beth Trautner, CEO
ElseBeth.Trautner@eurodiagnostica.com
Mobile: +46 70 274 85 71

Printable version of the press release

For more information about the tests, please visit www.wieslab.com and www.biomonitor.dk.

Visit us at AACC Annual Meeting in Chicago, IL USA, July 29-31, Booth #4754 (IBL-AMERICA).
 

About Euro Diagnostica AB

Euro Diagnostica - a leader in autoimmunity testing provides complete diagnostic solutions and offers also customized coating services. Wieslab Lab Services, an integral part of Euro Diagnostica, offers testing services
for most autoimmune diseases.
 
During the last two decades, our world class scientists have been the first to develop and produce top quality ELISA kits for ANCA, anti-CCP2, Chromogranin and Complement assays, which are now in use all over
the world.
 
Euro Diagnostica combines a long tradition in R&D with a commitment to quality. Euro Diagnostica’s goal is to constantly develop solutions to aid clinicians
in diagnosis, prognosis, monitoring and treatment of autoimmune and related diseases.
 

About Biomonitor A/S

 
Biomonitor A/S is a leader in theranostics that offers patient monitoring services and specialized CRO services at the GLP Clinical Reference Lab in Copenhagen. The company also provides customized assay development to pharma and biotech companies. The tests are based on the gene reporter technology for cell-based assays and kits called iLite™. This proprietary platform is unique in measuring potency as well as antibodies to biologicals in a simple and rapid test format.
 
The Biomonitor team has extensive experience in assay development, optimization, validation and bioanalytical services.

 

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