Roche acquires CAPP Medical
Swiss pharma major Roche (ROG; SIX) has acquired CAPP Medical, a genomics research company founded by Stanford University oncologists and industry veterans, to advance the development of technology for cancer screening and monitoring through the detection of circulating tumor DNA (ctDNA) in blood.
CAPP Medical's novel technologyis designed to isolate and quantify small amounts of ctDNA through a simple blood draw, which has the potential to be used for cancer therapy selection and monitoring tumor response and resistance to therapy. Financial terms of the transaction were not disclosed.
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