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Oncimmune Kicks Off 2018 With China Pact For Lung Cancer Test

 
• By Tina Tan

Oncimmune's commercialization of its early cancer diagnostic technology continues to gather pace as the firm enlists yet another distribution partner in Asia. The exclusive deal is for China, where the market opportunity for the company's EarlyCDT-Lung test is sizeable. The agreement also includes an equity investment by the Chinese partner in Oncimmune.

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Oncimmune Ltd. has scored its eighth Asian partner – this time, for the enormous Chinese market – to commercialize its EarlyCDT autoantibody-based cancer test platform. The deal will bring in royalty payments for Oncimmune from sales of the tests in China and a new shareholder as its new partner has agreed to make an equity investment in Nottingham, UK-based Oncimmune.

The company announced on Jan. 2 that it has signed a framework agreement with Genostics Company Limited, part of Gene Group Holdings, a Chinese company focused on immunological and molecular diagnostic products in the fields of oncology, pathology, hematology and cytogenetics

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• By Marion Webb

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