| Epigenomics, Abbott to develop in vitro diagnostic test for colorectal cancer detection
Epigenomics AG has signed a non-exclusive strategic collaboration and license agreement in molecular diagnostics with Abbott, a global healthcare company. Under the agreement, Abbott and Epigenomics intend to develop an in vitro diagnostic blood test for the early detection of colorectal cancer based on Epigenomics' proprietary DNA methylation biomarker Septin9.
According to a press release issued by Epigenomics, the companies will launch a CE-marked test in Europe in 2009 followed by regulatory filing for US approval in 2010. Under the terms of the agreement, Epigenomics will receive an upfront fee, milestone payments and royalties on product sales.
The agreement also contains provisions for the evaluation by Abbott of some of Epigenomics' other proprietary biomarkers for additional cancer indications.
The Wall Street Journal Online Introduces 'Entrepreneur' Small Business Channel With MasterCard as Launch Advertiser
NEW YORK, Sept. 4, 2007 (PRIME NEWSWIRE) -- In an expansion of The Wall Street Journal Online's small business content, StartupJournal.com has been incorporated into a new, free small business channel on WSJ.com called Entrepreneur (http://www.wsj.com/entrepreneur). StartupJournal.com, launched in 1999, offered small-business owners and entrepreneurs expert guidance to help them survive and grow in a competitive business environment. .
Coffee Republic to enter Bahrain
MANAMA: Bahrain's competitive coffee shop market is braced for another entrant after the UK-based Coffee Republic franchise announced its plans to open several outlets in the kingdom next year. Head of international business development Khurram Begg told GDN yesterday the firm was looking for suitable locations in Bahrain after signing a deal with the Sharjah-based franchising firm Paris Group. He revealed that there could be up to 30 Coffee Republic outlets in the Middle East within the next year, as the company embarks on its largest international expansion plan. Mr Begg revealed the firm was something of a late entrant to a growing market for international coffee chains in the Gulf. "All of our major competitors are already here so we felt it was about time we got into the market.
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