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Precision for Medicine Acquires Applied Immunology
Establishes Bay Area Immune-Response Laboratory Capability
BETHESDA, Md. and REDWOOD CITY, Calif., May 3, 2016 /PRNewswire/ -- Precision for Medicine, part of the Precision Medicine Group, announced today that it has acquired Applied Immunology, an established expert in the creation and delivery of custom cell-based and immunoassay solutions. Applied Immunology supports innovative and targeted therapeutics developers across all areas, ranging from immuno-oncology to rare diseases to biosimilars from research to post-approval. Applied Immunology's client base includes some of the most pioneering new venture-backed startups, along with many major global pharmaceutical firms.
Applied Immunology strengthens and expands Precision's specialty laboratory services in cell-based and immunoassays, and creates state-of-the-art laboratory access for Precision's west coast biotechnology clients. Precision is an innovator in biomarker research with depth and expertise in genomics, bio-informatics, assay development, global specimen logistics, and companion diagnostics. Recently, Precision acquired ACT Oncology, the industry leader in oncology clinical trials with unparalleled experience conducting studies across all tumor types and hematology indications.
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"Precision's scale and expertise enable us to immediately offer global solutions to our customers," said Rajiv Mahadevan, CEO of Applied Immunology. "Our clients will continue to receive access to renowned scientific talent and the customized approach on which our reputation has been built.
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Headquartered in Redwood City, Calif., Applied Immunology has a preeminent scientific team including noted immunogenicity expert Eugen Koren, MD, PhD, and dendritic cell biology and immunotherapy expert Anita Mehta-Damani, PhD. The combination of Precision and Applied Immunology fortifies Precision's goal of becoming the critical solution provider to help innovative life sciences companies succeed in this new era of biomarker-driven development of novel therapies, particularly those targeting oncology and the immune system. Precision for Medicine is building the first dedicated Precision Medicine Research Organization, capitalizing on opportunities driven by dramatic advances in science and technology
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https://www.prnewswire.com/news-releases/precision-for-medicine-acquires-applied-immunology-300261822.html
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