Durham and Burlington, N.C. - Duke University Medical Center and Laboratory Corporation of America Holdings (LabCorp) (NYSE: LH) announced today the formation of a joint venture to commercialize new biomarkers. The new entity is designed to speed the translation of newly discovered biomarkers into widely available clinical tools that can measure individual therapeutic responses, predict disease progression, and evaluate any number of biologic or disease-causing processes.
This innovative venture known as The Biomarker Factory combines Duke's excellence in biomarker discovery and validation with LabCorp's expertise in the development and commercialization of innovative diagnostic and laboratory tools.
"The Biomarker Factory is at the intersection of translational medicine and personalized medicine," said Victor J. Dzau, MD, Chancellor for Health Affairs, Duke University, and CEO, Duke University Health System. "By consolidating our collective strengths, this joint venture will be uniquely positioned to accelerate the translation of scientific discoveries into clinical practice, and create the potential for a major step forward in our pursuit of personalized medicine."
"The Biomarker Factory will position Duke and LabCorp on an end-to-end pathway from the research bench to the physician office," said David P. King, Chairman and Chief Executive Officer of LabCorp. "The Biomarker Factory will contribute greatly to the realization of the promise of individualized medicine and will assist physicians in understanding how to use newly developed biomarkers to improve patient outcomes and reduce healthcare costs."
Biomarkers are being used in developing treatments for diseases such as Alzheimer's, heart disease, breast and lung cancer. Recent groundbreaking research by Duke scientists, John McHutchison and David Goldstein demonstrated how biomarkers can give critical information about the likelihood that a patient will benefit from
|Contact: Debbe Geiger|
Duke University Medical Center