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Share Name | Share Symbol | Market | Type |
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Qiagen NV | NYSE:QGEN | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 42.33 | 0 | 09:05:59 |
NEW YORK and HILDEN, Germany, June 3, 2017 /PRNewswire/ -- Bristol-Myers Squibb Company (NYSE: BMY) and QIAGEN (NASDAQ: QGEN; Frankfurt Prime Standard: QIA) have signed an agreement to explore the use of next-generation sequencing (NGS) technology to develop gene expression profiles (GEPs) as predictive or prognostic tools for use with Bristol-Myers Squibb novel immuno-oncology (I-O) therapies in cancer treatment. This will leverage the combination of Bristol-Myers Squibb's portfolio of I-O therapies with QIAGEN's proven track record in developing and commercializing companion and complementary diagnostics as well as QIAGEN's portfolio of NGS technologies. I-O therapies offer a novel way to treat cancer by using drugs to target the body's immune system to help fight cancer.
QIAGEN and Bristol-Myers Squibb intend to develop GEPs for several Bristol-Myers Squibb I-O molecules under the initial agreement. The companies also plan to enter into a further agreement to develop diagnostic products using the jointly developed GEPs to expand the use of NGS technology with other Bristol-Myers Squibb I-O therapies.
"Greater precision in the treatment of cancer may enable faster decision making to identify which patient populations are most likely to derive benefit from our immuno-oncology agents," said Fouad Namouni, M.D., head of Development, Oncology, Bristol-Myers Squibb. "We believe working with QIAGEN will help develop better diagnostic tools to target the most appropriate immunotherapies across a number of different tumor types."
Click here for full press release
https://www.qiagen.com/about-us/press-releases/pressreleaseview?ID={B0261CF5-83A7-4C91-9390-E5D5BC1DCCFF}&lang=en
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bristol-myers-squibb-and-qiagen-sign-agreement-for-use-of-ngs-technology-to-develop-gene-expression-profiles-for-immuno-oncology-therapies-300468294.html
SOURCE QIAGEN
Copyright 2017 PR Newswire
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