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Companion Dx Partnerships, M&A Deals Help Spur IVD Market Growth – PWC Report

A report from PricewaterhouseCoopers suggests the in vitro diagnostics market will see accelerated growth next year due in part to a surge in companion diagnostics partnerships and M&A deals.

Increasing numbers of partnering deals between diagnostic and drug firms for development of companion diagnostics, along with a recent surge in merger and acquisition deal values in the sector and the potential promise of earlier cancer detection will help drive accelerated growth of the in vitro diagnostics market in 2012, according to a Dec. 6 report by PricewaterhouseCoopers.

Interest in the IVD market also is expanding beyond established players to include new entrants such as financial investors, life sciences research groups, clinical labs and medical technology firms, PWC’s “

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