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Companion Diagnostics Market Report - Streamlining Drug Development and Advancing Personalized Medicine
Date:8/6/2013

DUBLIN, August 6, 2013 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/hkmzx8/companion) has announced the addition of the "Companion Diagnostics - Streamlining Drug Development and Advancing Personalized Medicine" report to their offering.

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Personalized healthcare encompasses tailored diagnostics, treatment and management of illnesses and diseases. Although the concept has been around for many years, it is only with the advent of companion diagnostics that personalized healthcare has started to gain ground. Companion diagnostics can be used in screening, monitoring, diagnosing and treating patients and can allow for stratification of patients to maximize efficacy and minimize risk.

Companion diagnostics can allow for a specific patient population to be identified which will ensure those patients who are most likely to respond are recruited for clinical trials and receive the therapy once the product is launched. Companion diagnostics can help to rationalize treatment decisions, with specifics such as accurate dosing, risks of adverse events and diagnostics being made possible through these tests. Through the use of companion diagnostics, the right treatment can be delivered to the right patient at the right time, delivering greater value and optimizing healthcare resource utilization.

Oncology has been the most active arena for companion diagnostics but, as research has advanced and new diagnostics developed, applications in other therapy areas are being discovered and established.

The report, Companion Diagnostics - Streamlining Drug Development and Advancing Personal
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