STOCK TITAN

Navigate BioPharma Services, Inc. Announces Collaboration with BD (Becton, Dickinson and Company) to Advance Capabilities for Clinical Phases of Drug Development

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
Navigate BioPharma Services announces collaboration with BD to develop flow cytometry-based companion diagnostics and tools for clinical decisions.
Positive
  • The collaboration aims to provide end-to-end solutions for pharmaceutical and biotechnology companies developing novel therapies that require companion diagnostics.
  • Flow cytometry-based companion diagnostics can help identify patients who are most likely to benefit from a specific therapy, monitor their response to treatment, and optimize dosing and safety.
  • The collaboration combines Navigate BioPharma's expertise in biomarker assays with BD's flow cytometry instruments, reagents, software, and IVD development services.
Negative
  • No negative takes identified.

CARLSBAD, Calif., Sept. 7, 2023 /PRNewswire/ -- Navigate BioPharma Services, Inc., a specialty laboratory offering high-quality, innovative precision medicine solutions and bioanalytics for clinical development and diagnostic applications, announces a strategic collaboration with BD (Becton, Dickinson and Company) (NYSE:BDX), a leading global medical technology company, to explore opportunities to develop and commercialize flow cytometry-based companion diagnostics and tools for clinical decisions.

The collaboration aims to leverage the complementary expertise and capabilities of both companies to provide end-to-end solutions for pharmaceutical and biotechnology companies developing novel therapies that require companion diagnostics, tests intended to match patients with life-changing treatments, and critical clinical trial applications that utilize flow cytometry. Importantly, this collaboration aims to address a critical gap in the clinical trial field for an integrated solution provider from method development to commercialization.

"Flow cytometry-based companion diagnostics can help identify patients who are most likely to benefit from a specific therapy, monitor their response to treatment, and optimize dosing and safety from a patient sample," said Dr. Shabnam Tangri, Chief Scientific Officer at Navigate BioPharma. "Advances in flow cytometry technology made by BD can enable in vitro diagnostics (IVD) testing to be executed with accuracy, automation and standardization across all elements of the workflow."

Vipin Bhambhani, VP of Clinical Flow Solutions, BD Biosciences said, "Flow cytometry is a powerful technique that can enable high-sensitivity, affordable testing with fast turnaround time. The collaboration will combine Navigate BioPharma's extensive experience in designing and validating biomarker assays for clinical trials and regulatory submissions with the broad BD portfolio of flow cytometry instruments, reagents, software, and IVD development services, to potentially accelerate the delivery of innovative personalized therapies to patients who need them most."

The parties intend to collaborate with biopharma organizations in the following areas:

  • Accelerating the delivery of personalized therapies to patients by using biomarker-based assays as an essential clinical trial or companion diagnostic tool for cancer and other diseases.
  • Addressing the latest health authority expectations for high-sensitivity minimal residual disease (MRD) monitoring assays as surrogate endpoints.
  • Providing flexible and integrated solutions that can help collaborators achieve their clinical and regulatory goals by leveraging the capabilities of flow cytometry.
  • Expanding the range of therapeutic options and biomarkers that can be analyzed, including complex target and drug combinations, rare cell populations, cell signaling and function.
  • Increasing the effectiveness of biomarker profiling and enhancing the quality and efficiency of the companion diagnostic development process by utilizing the cutting-edge technologies and services offered by both companies, and Navigate BioPharma's expertise in developing specialty high-complexity and high-dimension flow cytometry and execution through regulated clinical trial testing.

Navigate BioPharma Services, Inc., an independently operating subsidiary within the Novartis group of companies, is a leading provider of innovative biomarker and specialty bioanalytic solutions for clinical development and companion diagnostic applications. Over the past decade, Navigate BioPharma has built and developed its exclusive library of assays, methodologies, and biomarker solutions.  Their extensive expertise offers unique, accurate, reliable, and cost-effective solutions for its customers and partners. For more information about Navigate BioPharma's services, please visit www.navigatebp.com or connect with them on LinkedIn at www.linkedin.com/company/navigatebp/.

  • Media and Customer Contact information: To incorporate this new assay or any other proprietary Navigate technology in an upcoming clinical trial study contact: Nick Sanna, Head of Business Development & Strategic Alliances, Navigate BioPharma Services, Inc. Phone: (760) 602-1409. Email: bus.dev@navigatebp.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/navigate-biopharma-services-inc-announces-collaboration-with-bd-becton-dickinson-and-company-to-advance-capabilities-for-clinical-phases-of-drug-development-301920022.html

SOURCE Navigate BioPharma Services, Inc.

The collaboration aims to develop flow cytometry-based companion diagnostics and tools for clinical decisions.

Flow cytometry-based companion diagnostics can help identify patients who are most likely to benefit from a specific therapy, monitor their response to treatment, and optimize dosing and safety.

Navigate BioPharma brings expertise in designing and validating biomarker assays for clinical trials and regulatory submissions.
Becton Dickinson & Co.

NYSE:BDX

BDX Rankings

BDX Latest News

BDX Stock Data

Surgical and Medical Instrument Manufacturing
Manufacturing
Link
Health Technology, Medical Specialties, Manufacturing, Surgical and Medical Instrument Manufacturing
US
Franklin Lakes

About BDX

Becton, Dickinson and Company is a global medical technology company. The Company is engaged in the development, manufacture and sale of a range of medical supplies, devices, laboratory equipment and diagnostic products used by healthcare institutions, physicians, life science researchers, and others.