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BD, Quest Diagnostics Join Forces to Develop Companion Diagnostics for Cancer, Other Diseases BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, and Quest Diagnostics (NYSE: DGX), a leader in...

Key Takeaway: BD (Becton, Dickinson and Company) and Quest Diagnostics have entered into a global collaboration to develop and commercialize flow cytometry-based companion diagnostics for cancer and other diseases. This partnership seeks to combine BD's flow cytometry innovation with Quest's expertise in biomarker and assay development. The goal is to create an end-to-end solution for the pharmaceutical industry that can significantly improve patient outcomes and reduce healthcare costs. The collaboration aims to leverage advanced technologies and integrated solutions to advance personalized health care.
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POSITIVE FACTORS

  • Collaboration to develop flow cytometry-based companion diagnostics.
  • Aim to enhance personalized medicine and improve patient outcomes.
  • Combined expertise may lead to novel diagnostic solutions for better healthcare.

Full Press Release Details

Collaboration on Flow Cytometry-Based Companion Diagnostics to Advance Personalized Health Care
FRANKLIN LAKES, N.J. and SECAUCUS, N.J. , July 25, 2024 /PRNewswire/ -- BD (Becton, Dickinson and Company) (NYSE: BDX ), a leading global medical technology company, and Quest Diagnostics (NYSE: DGX ), a leader in diagnostic information services, today announced a global collaboration agreement to develop, manufacture and commercialize flow cytometry-based companion diagnostics (CDx) intended to help select the best treatment for patients with cancer and other diseases.
Together, BD and Quest will aim to provide the pharmaceutical industry with an end-to-end solution for CDx development. The joint offerings will range from exploratory panel development to the manufacturing and distribution of FDA-approved diagnostic kits.
"BD has been at the forefront of flow cytometry innovation for a half-century, consistently leading advancements in this critical field," said Steve Conly , worldwide president of Biosciences at BD. "Our collaboration with Quest underscores a shared commitment to advance personalized medicine by leveraging this technology in the development of companion diagnostics to be used alongside therapeutic options for patients."
Using companion diagnostics to help select a first-line therapy for cancer patients can be critical to ensuring the best outcomes and cost savings. Today's companion diagnostic tests commonly involve technologies such as immunohistochemistry (IHC), fluorescence in situ hybridization (FISH), polymerase chain reaction (PCR), next-generation sequencing (NGS) and imaging. Flow cytometry, an established laboratory technology now being applied in the development of companion diagnostics, can rapidly analyze and sort individual cells to enable health care providers to understand an individual's immune response and could provide insight as to how best to manage the patient to improve clinical outcomes.
"This strategic collaboration with BD will combine our expertise in developing and validating biomarkers and assays with BD's leadership in flow cytometry to offer a fully integrated solution on a larger scale," said William Finger , vice president and general manager, Pharma Services for Quest Diagnostics. "Together, we can bring novel companion diagnostics to market that will enable more precise health care, to potentially improve patient outcomes and reduce health care costs."
Through its BioPharma services business, Quest Diagnostics offers end-to-end solutions for drug development, including clinical trial lab testing, companion diagnostic development, commercialization, and post-launch surveillance. For more information, visit pharma.questdiagnostics.com .
About BD BD is one of the largest global medical technology companies in the world and is advancing the world of health by improving medical discovery, diagnostics and the delivery of care. The company supports the heroes on the frontlines of health care by developing innovative technology, services and solutions that help advance both clinical therapy for patients and clinical process for health care providers. BD and its more than 70,000 employees have a passion and commitment to help enhance the safety and efficiency of clinicians' care delivery process, enable laboratory scientists to accurately detect disease and advance researchers' capabilities to develop the next generation of diagnostics and therapeutics. BD has a presence in virtually every country and partners with organizations around the world to address some of the most challenging global health issues. By working in close collaboration with customers, BD can help enhance outcomes, lower costs, increase efficiencies, improve safety and expand access to health care. For more information on BD, please visit bd.com or connect with us on LinkedIn at www.linkedin.com/company/bd1/ , X (formerly Twitter) @BDandCo or Instagram @becton_dickinson .
About Quest Diagnostics Quest Diagnostics works across the healthcare ecosystem to create a healthier world, one life at a time. We provide diagnostic insights from the results of our laboratory testing to empower people, physicians and organizations to take action to improve health outcomes. Derived from one of the world's largest databases of de-identifiable clinical lab results, Quest's diagnostic insights reveal new avenues to identify and treat disease, inspire healthy behaviors and improve healthcare management. Quest Diagnostics annually serves one in three adult Americans and half the physicians and hospitals in the United States , and our nearly 50,000 employees understand that, in the right hands and with the right context, our diagnostic insights can inspire actions that transform lives and create a healthier world. www.QuestDiagnostics.com .
Contacts:
BD Media Contact : BD Investor Contact :
Troy Kirkpatrick Adam Reiffe
VP, Public Relations, BD Sr. Director, Investor Relations, BD
858.617.2361 201.847.6927
[email protected] [email protected]
Quest Media Contact: Quest Investor Contact:
Jen Petrella Shawn Bevec
Quest Diagnostics Quest Diagnostics
973-520-2800 973-520-2900
[email protected] [email protected]

Frequently Asked Questions

What companies are collaborating on companion diagnostics?

BD and Quest Diagnostics are collaborating to develop flow cytometry-based companion diagnostics.

What is the purpose of companion diagnostics?

Companion diagnostics help select the most suitable treatment for patients with cancer and other diseases.

How will BD and Quest's collaboration benefit healthcare?

The collaboration aims to improve patient outcomes and reduce healthcare costs through integrated solutions.

What technologies are involved in companion diagnostics?

Current companion diagnostics use technologies like IHC, FISH, PCR, NGS, and imaging.

What is flow cytometry's role in this collaboration?

Flow cytometry is used to analyze individual cells and understand immune responses in patients.

Last updated: Jul 25, 2024