Exact Sciences makes acquisition to support blood-based cancer test development — 4 insights

Exact Sciences acquired sample preservation technology developer Biomatrica to support efforts to develop a blood-based cancer detection test.

Advertisement

Here’s what you should know:

1. The companies aren’t disclosing financial terms of the deal.

2. Biomatrica will become a wholly-owned Exact Sciences subsidiary but continue to operate out of San Diego.

3. Biomatrica has eight U.S. utility patents, one U.S. design patent and 36 foreign patents. The company has four patents pending in the U.S.

4. Exact Sciences Chairman and CEO Kevin Conroy said, “To detect cancer at its earliest stages, you need the right team backed by the highest-quality science, data and materials. Biomatrica’s preservation chemistry ensures the reliability of results, even when blood and other biological samples undergo the stresses of shipping and storage.”

More articles on gastroenterology:
The 3 reasons why physicians often lack leadership training
82 benchmarks to know on procedure, case volume
The Joint Commission taps new co-directors of the standards interpretation group: 3 insights

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

Advertisement

Next Up in GI & Endoscopy

  • Birmingham (Ala.) Gastroenterology has opened a clinic in Jasper, Ala., expanding access to digestive health services in the region, the…

  • Premier Health Partners has acquired Dayton, Ohio-based Digestive Specialists, according to a notice posted on the website of law firm…

Advertisement

Comments are closed.