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News

Beckman Coulter to buy out US royalty obligation to Nephromics

Beckman Coulter Clinical Diagnostics : 19 August, 2008  (Company News)
Beckman Coulter has agreed to buy out its US royalty obligation to Nephromics, a Chestnut Hill, Massachusetts based company focused on women's health.
The license is for tests related to the detection, monitoring and risk assessment of preeclampsia, a leading cause of maternal death. In addition, Beckman Coulter obtained rights to acquire the worldwide diagnostics assets of Nephromics.

'Currently, there are no specific in vitro diagnostic tests for preeclampsia, even though the disease threatens the lives of thousands of women and their babies, and places a significant burden on healthcare systems worldwide,' said Mike Whelan, vice president of Beckman Coulter's High Sensitivity Testing Business Group. 'We expect that, once we complete our development program, these tests will help improve the outcomes of at-risk pregnancies. It is a powerful example of our commitment to provide clinical laboratories with the tools that improve patient health and reduce the cost of care. Our expectations for diagnostic testing related to maternal and fetal well-being leads us to believe that buying out our US royalty obligation will create substantial value for our shareholders.'

Beckman Coulter has initiated the clinical trial phase of its test development programme. The new tests, expected to be useful as an aid in helping physicians diagnose preeclampsia, are being developed for use on the company's family of UniCel DxI and Access immunoassay systems, as well as UniCel DxCi chemistry-immunoassay work cells. The company plans to begin offering the tests by the end of 2009.

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