Monday, January 26, 2015

Cynvenio, Thermo Fischer Scientific In Distribution Deal

Westlake Village-based molecular diagnostics equipment developer Cynvenio and Carlsbad-based Thermo Fischer Scientific recently inked a distribution deal, where Thrmo Fischer Scientific has gained rights to distribute Cynvenio's LiquidBiopsy platform. Cynvenio's products are used for the genomic analysis of tumor biomarkers in the bloodstream. Financial details of the deal were not disclosed. The two said the deal allows for the analysis of circulating tumor cells (CTC), cell-free DNA (cfDNA) and normal DNA in a single blood draw, in less than 48 hours. Those tests are used in cancer therapy, as a replacement for invasive and costly tissue biopsies.

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