Expression Pathology Raises $6.5 Million to Develop Personalized Medicine Assays for Protein Biomarkers in FFPE Tissue
Proprietary tissue proteomics platform and strategic vision for future growth in pre-clinical and clinical biomarker research spur new financing
The financing will be used to apply Expression Pathology’s patented Liquid Tissue(R) proteomics technology in developing proprietary, personalized medicine clinical assays that relate measurement of protein biomarkers of drug response and disease prognosis to specific patient treatment decisions.
“Formalin-fixed paraffin-embedded tissue is the standard form of patient tumor and biopsy samples worldwide,” said
“Expression Pathology has created unique technology solutions for tissue protein analysis,” said
About Abraxis BioScience
Abraxis BioScience is a fully integrated global biotechnology company dedicated to the discovery, development and delivery of next-generation therapeutics and core technologies that offer patients safer and more effective treatments for cancer and other critical illnesses. The company’s portfolio includes the world’s first and only protein-bound nanoparticle chemotherapeutic compound (ABRAXANE), which is based on the company’s proprietary tumor targeting technology known as the nab(R) platform. The first FDA approved product to use this nab(R) platform, ABRAXANE, was launched in 2005 for the treatment of metastatic breast cancer. Abraxis trades on the NASDAQ Global Market under the symbol ABII. For more information, please visit www.abraxisbio.com.
About Expression Pathology Inc.
Expression Pathology Inc.,
SOURCE Expression Pathology Inc.