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Pharma Tech Outlook | Tuesday, September 21, 2021
Immunovia has strengthened its patent protection for pancreatic cancer biomarkers by acquiring a global license from JW BioScience's IP portfolio in South Korea.
FREMONT, CA: Immunovia AB, a diagnostic business that develops and offers extremely reliable blood tests for cancer early detection, has reinforced its patent protection for pancreatic cancer biomarkers by acquiring a global license from JW BioScience's IP portfolio in South Korea. As negotiated by both parties, the contract's specifics and deal size will not be disclosed.
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Patrik Dahlen, CEO of Immunovia, said, "We are delighted to enter into this agreement that further secures relevant IP and validates our biomarker discovery approach. By entering into this agreement, Immunovia and JW BioScience will also evaluate possibilities for commercial collaboration to enable early detection of pancreatic cancer in the Korean market."
Immunovia now has global commercial rights to two biomarkers for early detection of pancreatic cancer due to the license agreement. The company's IMMrayPanCan-d biomarker signature includes the biomarkers. Immunovia developed these pancreatic cancer biomarkers independently of JW BioScience and now owns all intellectual property rights.
Immunovia has a solid and extensive IP portfolio consisting of seven patent families, covering biomarkers in pancreatic cancer.
Eun-Kyung Hahm, CEO of JW Bioscience, said, "This contract is an important milestone for JW's unique IP position and a recognition of the excellence of JW technology in the global market." She also added that "JW will be able to further strengthen its commercial and technological competitiveness through the collaboration with Immunovia."
JW Bioscience specializes in the research and development of diagnostic reagents and medical equipment. The commercialization of high-value-added in-vitro diagnostic kits depending on original technologies in diagnostic sectors, including sepsis and pancreatic cancer, is currently underway. They're also working on a "Point-of-Care Testing (POCT)" device that allows for simple and speedy diagnosis. The organization is also a pioneer in localizing essential medical items through products manufactured with its technology, like the LED astral lamp and infant incubator.
Immunovia AB is a diagnostics firm that develops and sells highly reliable blood tests for the early diagnosis of cancer and autoimmune illnesses using the company's patented test platform, IMMrayTM. Antibody biomarker microarray analysis with advanced machine learning and bioinformatics is used to identify a group of related biomarkers that suggest a specific disease.
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