Standard BioTools and Navignostics Announce Collaboration Agreement to Advance Imaging Capabilities in Personalized Medicine
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The collaboration between Standard BioTools Inc. and Navignostics AG represents a strategic move to enhance the capabilities in the field of precision medicine, specifically within oncology diagnostics. The integration of the Hyperion XTi™ Imaging System into clinical research could significantly improve the ability to understand complex biological systems and individual tumor profiles, which is essential for developing targeted therapies. This technology allows for a more detailed analysis of cellular and molecular interactions, which can lead to more personalized and effective cancer treatments.
From a market perspective, the demand for personalized medicine is growing and this partnership could position Standard BioTools as a key player in this burgeoning sector. Considering the potential market size for precision medicine, which is expected to reach tens of billions of dollars in the coming years, the financial implications for Standard BioTools could be substantial. The focus on high-quality data and advanced diagnostics could also drive demand for the company's products, potentially increasing its market share and revenue.
Imaging Mass Cytometry™ (IMC) is a groundbreaking technology that allows for the simultaneous imaging of multiple biomarkers at the tissue and cell level, which is crucial for understanding the heterogeneity of tumors. The collaboration's emphasis on developing clinical research applications could accelerate the adoption of IMC in pharmaceutical research and clinical settings, facilitating more comprehensive biomarker discovery and validation. This could lead to a faster and more efficient drug development process, as well as more accurate prognostic and predictive biomarkers for cancer patients.
The use of IMC in clinical research also aligns with the broader trend towards more data-driven and personalized healthcare, which is anticipated to improve patient outcomes. By providing a deeper understanding of disease mechanisms, IMC could enable clinicians to tailor treatments more precisely to individual patient profiles, reducing the trial-and-error approach often associated with cancer therapy.
The partnership between Standard BioTools and Navignostics could have significant financial implications. By offering advanced capabilities in tumor analysis, Standard BioTools may see an increase in demand for its Hyperion XTi™ Imaging System, potentially translating into higher sales and profitability. It's also important to consider the impact of this collaboration on the company's research and development costs, as well as the potential for future revenue streams from service offerings.
Investors will likely monitor the progress of this partnership closely, as the success of the Hyperion XTi™ Imaging System in clinical research could lead to increased adoption in pharmaceutical settings. This would not only boost Standard BioTools' top-line growth but also enhance its competitive edge in the precision medicine market. However, it's crucial to remain aware of the risks involved, such as potential regulatory hurdles and the need for substantial evidence to demonstrate the clinical utility and cost-effectiveness of the new applications developed through this collaboration.
Increasing access to Imaging Mass Cytometry in pharmaceutical and clinical research settings
SOUTH SAN FRANCISCO, Calif., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (Nasdaq:LAB), driven by a bold purpose – Unleashing tools to accelerate breakthroughs in human health™ – today announced a collaboration agreement with Navignostics AG for development of clinical research applications and service offerings using the Hyperion XTi™ Imaging System.
This collaboration is pivotal in the fight against cancer, emphasizing the need for precision medicine strategies and robust technologies that offer critical biological insights to guide treatment decisions. Imaging Mass Cytometry™ is purpose-built to clearly generate and differentiate these insights to help inform clinical outcomes, providing the opportunity to expand access to high-quality data in clinical research.
Founded in 2022, Navignostics is dedicated to revolutionizing personalized diagnostics for cancer patients. Its goal is to identify the most effective treatment for each patient by using innovative tumor analysis methods.
“We are very excited about this collaboration. Characterizing tumors using spatial single-cell proteomics enables identification of optimal treatments for an individual patient’s tumor and helps accelerate drug development by providing key insights into drug mechanisms and tumor features. Our ability to automate and standardize this process with IMC™ has really pushed us to where we are now, bringing novel developments into the clinical space to help inform treatment decisions for cancer patients,” said Jana Fischer, Chief Executive Officer of Navignostics.
The Hyperion™ XTi Imaging System is a significant advancement in clinical research, offering rapid, robust data acquisition and extended system stability essential for product and drug development. The machine learning process used by Navignostics to discover predictive patterns, and ultimately patient care, demand high throughput, dependable precision and the ability to scale that the Hyperion XTi™ can provide. In clinical studies, Navignostics demonstrated its ability to go from samples to data reporting in under 72 hours, with efforts to further reduce this time.
As part of the agreement, Standard BioTools will support the development of Navignostics assays by collaborating on various aspects of protocols and instrument and software features. Additionally, both Navignostics and Standard BioTools plan to leverage their learnings to advance the science of IMC by co-publishing and presenting at scientific conferences in the coming year.
“In line with the Standard BioTools™ mission to accelerate breakthroughs in human health, our exciting partnership with Navignostics helps bring Imaging Mass Cytometry to the forefront of clinical research by generating the quality of data that can be translated into tangible results,” said Michael Egholm, President and CEO of Standard BioTools. “We are proud that the use of IMC and the advanced features of Hyperion XTi are core to their goal of developing methods and insights that will help cancer patients reach better outcomes, and we continue to enhance the system to further support their progress.”
Among key growth strategies for Standard BioTools is enabling new spatial biology applications in translational and clinical research by accelerating the development of turnkey panels, leading with new antibody targets through increased organic investment and partnership.
Use of Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, statements regarding the potential benefits of research conducted using Standard BioTools products and technologies and the expected performance of such products and technologies. Forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from what is currently anticipated, including but not limited to risks relating to interruptions or delays in the supply of components or materials for, or manufacturing of, Standard BioTools products; potential product performance and quality issues; intellectual property risks; competition; uncertainties in contractual relationships; and reductions in research and development spending or changes in budget priorities by customers. Information on these and additional risks and uncertainties and other information affecting Standard BioTools business and operating results is contained in its Annual Report on Form 10-K for the year ended December 31, 2022, and in its other filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. Standard BioTools disclaims any obligation to update these forward-looking statements except as may be required by law.
About Standard BioTools Inc.
Standard BioTools Inc. (Nasdaq:LAB), previously known as Fluidigm Corporation, is driven by a bold purpose – Unleashing tools to accelerate breakthroughs in human health. Standard BioTools has an established portfolio of essential, standardized next-generation technologies that help biomedical researchers develop medicines faster and better. As a leading solutions provider, the company provides reliable and repeatable insights in health and disease using its proprietary mass cytometry and microfluidics technologies, which help transform scientific discoveries into better patient outcomes. Standard BioTools works with leading academic, government, pharmaceutical, biotechnology, plant and animal research and clinical laboratories worldwide, focusing on the most pressing needs in translational and clinical research, including oncology, immunology and immunotherapy. Learn more at standardbio.com or connect with us on X, Facebook®, LinkedIn and YouTube™. Standard BioTools, the Standard BioTools logo, Fluidigm, the Fluidigm logo, “Unleashing tools to accelerate breakthroughs in human health,” Imaging Mass Cytometry, IMC, Hyperion, Hyperion XTi and XTi are trademarks and/or registered trademarks of Standard BioTools Inc. or its affiliates in the United States and/or other countries. All other trademarks are the sole property of their respective owners. Standard BioTools products are provided for Research Use Only. Not for use in diagnostic procedures.
About Navignostics AG
Navignostics is a spin-off company from the University of Zurich, founded in April 2022, which is leveraging spatial single-cell proteomics to perform advanced analyses of tumor samples. As a start-up active in the personalized medicine field, Navignostics strives to provide innovative solutions to identify the best possible treatment for each cancer patient. In addition, Navignostics provides advanced services to pharmaceutical companies to accelerate cancer drug development and to contribute to companion diagnostic development.
Available Information
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Standard BioTools Contacts:
Investors
Peter DeNardo
CapComm Partners
ir@standardbio.com
Media
Nick Lamplough / Dan Moore / Tali Epstein
Collected Strategies
LAB-CS@collectedstrategies.com
Navignostics Contact:
info@navignostics.ch
www.navignostics.com
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