Bayer's $11 Mil. Oncogene Purchase Adds Oncology Diagnostics Stable
This article was originally published in The Gray Sheet
Bayer's acquisition of OSI Pharmaceuticals' diagnostic business builds on the firms' collaborative efforts to run OSI's HER-2/neu breast cancer assay on Bayer's Technicon Immuno I automated immunoassay.
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ONCOGENE SCIENCE CANCER DIAGNOSTIC R&D DEAL WITH BAYER provides a fully automated serum-based analyzer, Bayer's Technicon Immuno 1, for Oncogene's in vitro cancer detection technology. The deal replaces a development pact with Becton Dickinson that had been in place since 1984. In September, Oncogene chose not to renew the deal with BD because the firm does not offer an automated immunoassay system.
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