Genomics obtains worldwide rights to The Garvan Institute of Medical Research's methylation DNA biomarkers

Clinical Genomics Pty. Ltd (Sydney, Australia) and The Garvan Institute of Medical Research (Sydney, Australia) today announced that they have entered into a license agreement in relation to novel biomarkers discovered by scientists at the Garvan Institute. Under the terms of the agreement, Clinical Genomics obtains worldwide exclusive rights to the Garvan's proprietary cancer associated methylation DNA biomarkers for the diagnosis and or treatment of colorectal cancer. Clinical Genomics intends to expand its colorectal biomarker research program to evaluate these promising biomarkers in view of formulating a diagnostic test utilizing those biomarkers demonstrating clinical benefit for the early detection of colorectal cancer.

"Through this strategic licensing agreement with the Garvan Institute, we have complemented our existing technology portfolio and enhanced our ability to develop next generation products for diagnosing colorectal cancer at the earliest, most treatable stage," stated Dr. Lawrence LaPointe, Chief Executive Officer of Clinical Genomics. "We have also broadened our product development options for ourselves and our partners."

"This licensing agreement will allow Clinical Genomics to achieve the full diagnostic potential of the colorectal cancer biomarkers identified by our researchers," said Professor John Shine, Executive Director of Garvan. "Our hope is that the company will successfully develop a diagnostic tool that will be useful in the global effort to treat this common cancer."

SOURCE Clinical Genomics Pty Ltd