Icon nabs molecular diagnostic lab to support precision medicine programs

By Melissa Fassbender

- Last updated on GMT

(Image: Getty/JK1991)
(Image: Getty/JK1991)
Icon acquired the molecular diagnostic laboratory MolecularMD to further support precision medicine programs across all development phases.

Dr. Steve Cutler, Icon CEO said on the company’s recent earrings call that acquisition enhances its laboratory offering in molecular diagnostic tests, “a key area in oncology research.”

The acquisition – terms of which were not disclosed – also expands Icon’s testing platforms with next-generation sequencing and immunohistochemistry. MolecularMD also provides companion diagnostics development services.

“[The acquisition is] not just the enhancement of our lab capabilities. I believe it's an enhancement of our clinical operations and our clinical program management capabilities as well,”​ Cutler added on the call.

An evaluation of the business will be conducted over the next couple of quarters, he noted.

“There are certainly some parts of the business that we look at and we think could be very, very nicely applied and synergized across our businesses. And I talked about that CAR-T and cell-based project expertise in the first-mover advantage we believe we have in that space and how that could be applied,”​ said Cutler.

Icon currently operates a network of fully accredited laboratory facilities, including central laboratories in Dublin, Ireland, Farmingdale NY, Singapore and Tianjin, China, as well as a bioanalytical laboratory in Whitesboro, NY.

The company also earlier this year launched a new drug safety reporting platform​.

Related news

Show more

Related products

show more

Powered by Ingredients + Innovation

Powered by Ingredients + Innovation

Content provided by Univar Solutions USA | 07-Oct-2024 | Product Brochure

In partnership with our industry-leading supplier partners, Univar Solutions Pharmaceutical Ingredients is proud to introduce Powering Healthy Tomorrows.

Reliability, scale, and security of supply

Reliability, scale, and security of supply

Content provided by Univar Solutions USA | 28-Aug-2024 | Product Brochure

Univar Solutions Pharmaceutical Ingredients is proud to offer one of the most expansive portfolios of 15,000+ products, including high-purity solvents,...

Related suppliers

Follow us

Products

View more

Webinars