- LABEC Pharma to Introduce Test Product in Spain and Portugal
- Companies plan to seek CE Mark
WALTHAM, Mass. and MADRID, Spain, April 6 /PRNewswire-FirstCall/ -- Interleukin Genetics, Inc. (NYSE Amex: ILI) and LABEC Pharma, S.L. announced today that the companies have entered a licensing agreement to permit LABEC Pharma to market and sell Interleukin Genetics' Heart Health genetic test throughout Spain and Portugal. This molecular diagnostic tool helps to identify individuals at elevated risk for early heart attack. As part of the agreement, the test will be marketed by LABEC Pharma and the tests will be processed at Interleukin Genetics' CLIA-certified laboratory in Waltham, MA. Interleukin Genetics will receive royalties and commercial milestone payments. The Interleukin Genetics' Heart Health test is currently marketed within the United States under the brand name Gensona(R).
"We are excited about this partnership with LABEC Pharma, which will allow for broader and international distribution of this important genetic test product," said Lewis H. Bender, CEO, Interleukin Genetics, Inc. "Our Heart Health genetic test can give a better understanding of a person's overall risk for heart attack, so that individuals and their physicians can begin to take the steps necessary for lowering risk to improve health outcomes."
"Early intervention is a critical step in helping people stay healthy. We are pleased to begin offering the Interleukin Genetics' Heart Health genetic test, which we believe fits well with our existing sales efforts in diagnostic products for disease management and prevention. Being able to offer this test in Spain and Portugal is great news for patients in these two countries," said Javier de Echevarria, CEO, LABEC Pharma.
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| SOURCE Interleukin Genetics, Inc. Copyright©2009 PR Newswire. All rights reserved |