Standard BioTools And Navignostics Announce Collaboration Agreement To Advance Imaging Capabilities In Personalized Medicine
Portfolio Pulse from Benzinga Newsdesk
Standard BioTools Inc. (NASDAQ:LAB) has announced a collaboration with Navignostics AG to develop clinical research applications and service offerings using the Hyperion XTi Imaging System. This partnership aims to advance personalized medicine, particularly in cancer treatment, by leveraging Imaging Mass Cytometry to provide critical biological insights for treatment decisions. The collaboration will focus on automating and standardizing tumor characterization to accelerate drug development and improve patient outcomes. Standard BioTools will support Navignostics in assay development and both companies plan to co-publish their findings.
February 07, 2024 | 1:39 pm
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Standard BioTools Inc.'s collaboration with Navignostics AG aims to enhance personalized medicine in cancer treatment through the Hyperion XTi Imaging System. This partnership could lead to significant advancements in drug development and patient outcomes.
The collaboration between Standard BioTools Inc. and Navignostics AG is likely to have a positive short-term impact on LAB's stock price. The partnership focuses on advancing personalized medicine in cancer treatment, a critical and rapidly growing area in healthcare. By leveraging the Hyperion XTi Imaging System, the companies aim to provide valuable biological insights that could significantly improve patient outcomes and accelerate drug development. This innovative approach and the potential for groundbreaking developments in cancer treatment could increase investor confidence in Standard BioTools, positively affecting its stock price.
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