– Partnership to help biotechnology and pharmaceutical companies bring next generation oncology therapeutics to market in a more targeted and effective manner –
Rutherford, NJ â€“ March 23, 2011 â€“ Cancer Genetics, Inc. (CGI) and Aptiv Solutions have formed a strategic partnership focused on delivering comprehensive solutions to biopharmaceutical and medical device firms conducting clinical trials for oncology therapeutics. CGI provides disease-specific biomarker knowledge, proprietary molecular testing and oncology lab services to sponsor companies during the early stages of clinical trials. Aptiv Solutions provides a portfolio of innovative services including adaptive trial design, early phase product strategy, regulatory services, pharmacovigilance, and the operational support of a global clinical research organization.
Together, CGI and Aptiv Solutions will provide biopharmaceutical firms with a better understanding of modes of action of a variety of therapeutics and the role for biomarkers in the oncology drug development process. Early insight in complex diseases and complicated patients garnered by using genomic technologies and other methodologies will drive informed decisions and successful development of targeted therapies, personalized medicine and other new therapeutics. The collaboration will provide customers with the products and services necessary to bring oncology therapeutics to their patients faster and at a reduced cost.
â€œIntegrated clinical information is critical to providing customized patient treatment in which drug usage and dosage can be specifically targeted to the individual patientâ€™s genetic requirement,â€ said Panna Sharma, Chief Executive Officer of CGI. â€œAs a leader in personalized medicine, CGI is confident that this collaboration will assist our clients in the development of new therapeutics and diagnostics by reducing the time frame and costs for regulatory approval through patient stratification.â€
â€œWe are excited about partnering with CGI to enhance our ability to offer molecular and genetic laboratory expertise to our clients,â€ said Gene Resnick, MD, Chief Medical Officer for Aptiv Solutions. â€œWe recognize the critical role of biomarkers in the development of new agents in oncology and other therapeutic areas, and look forward to bringing a combined solution to the pharmaceutical, biotech and medical device industries which will enable clients to accelerate the progress of more efficient clinical trials. Adding this capacity to our existing expertise in oncology trial management will bring a value-add for sponsors and ultimately for patients.â€
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Based in of Rutherford, NJ, CGI was founded by Dr. R.S.K. Chaganti in 1999 and has become an emerging leader in personalized cancer treatment. CGIâ€™s synergistic business model provides cancer-focused diagnostic testing services to leading oncologists, pathologists, hospitals, and academic centers as well as the development of next-generation diagnostic products that leverage CGIâ€™s unique IP in molecular genetics and oncology. Products developed by CGI are revolutionizing the management and treatment of certain cancers while reducing healthcare costs. Information about the company can be found on the Internet at: www.cancergenetics.com.
About Aptiv Solutions
Aptiv Solutions is a global biopharmaceutical and medical device development services organization, focused on recognizing, understanding and enabling clients to capitalize on rapid and fundamental changes they face in developing products in the pharmaceutical, biotech and medical device market. Aptiv Solutions integrates the resources and expertise of six recently merged companies: Averion International, Trio Clinical Research, Fulcrum Pharma, ClinResearch, Niphix and ADDPLAN.
The Aptiv Solutions legacy companies, Averion International, Trio Clinical Research, ClinResearch, and Niphix have conducted hundreds of oncology trials in both the drug and device areas at thousands of clinical sites with hundreds of thousands of patients. Aptiv Solutions provides innovative, comprehensive and proven product development capabilities, built on an extensive portfolio of services and a worldwide team of more than 700 professionals. Additional information: www.aptivsolutions.com.