WuXi PharmaTech collaborates on genomic profiling for China
China’s WuXi PharmaTech (NYSE:WX) has entered into a collaboration with USA-based Foundation Medicine (Nasdaq: FMI) to offer the latter’s comprehensive genomic profiling to biopharmaceutical companies conducting clinical trials in China.
Under the terms of the collaboration, Foundation Medicine will license and enable WuXi to perform the laboratory component of Foundation Medicine's FoundationOne assay at the WuXi Genome Center in Shanghai, the first and only CLIA-certified laboratory in China. Foundation Medicine will offer China-based products and services to global biopharmaceutical partners to support their clinical research and development efforts in China. Financial terms of the collaboration are not being disclosed.
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