Daily Newsletter

14 November 2023

Daily Newsletter

14 November 2023

AnchorDx and DiaCarta collaborate to develop cancer screening tests

The collaboration will use technologies for DNA methylation and mutation detection developed by each company.

RanjithKumar Dharma November 14 2023

Diagnostic companies AnchorDx and DiaCarta have announced a long-term collaboration for the development of new cancer screening tests.

The companies will work together for the global development and commercialisation of these molecular diagnostic products.

The partnership will utilise technologies for DNA methylation and mutation detection developed by each company. 

In July 2021, AnchorDx received breakthrough device designation from the US Food and Drug Administration (FDA) for the DNA methylation test.

AnchorDx is also presently carrying out a prospective and registrational clinical study for the UriFind PMA application, with DiaCarta participating as one of the clinical testing laboratories.

DiaCarta CEO and president Dr Adam (Aiguo) Zhang said: “Partnering with AnchorDx allows both companies to combine their technical expertise to develop high-precision mutation and methylation assays with the needed high sensitivity and specificity to meet the evolving needs for precision diagnostics.”

By partnering with DiaCarta, AnchorDx aims to speed up its early cancer screening programmes and develop an advanced product pipeline.

AnchorDx founder and CEO Dr Jian-Bing Fan said: “We are committed to bringing the best cancer diagnostic products to the global market.

"Towards that goal, we are excited to work with the world-leading diagnostics company DiaCarta to commercialise our leading cancer screening products and co-develop future cancer screening diagnostic tests.”

In January 2023, DiaCarta obtained emergency use authorisation from the FDA for its QuantiVirus monkeypox virus (MPXV) test to qualitatively detect MPXV DNA in lesion swabs collected from people suspected of infection.

The aging population is a captive market for medical devices

With rising pressure on governments, payers, and manufacturers to reduce healthcare costs, innovative medical technologies have tremendous potential to improve elder care. Advancements in medical device technology have resulted in a significant increase in the number of conditions that can be managed in a home care setting. To capitalize on this strong demand and growth, manufacturers are increasingly producing consumer-targeted equipment.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close