Date: 2016-01-07
Type of information: Development agreement
Compound: handheld blood test
Company: Philips (The Netherlands) Banyan Biomarkers (US - CA)
Therapeutic area: CNS diseases - Neurological diseases
Type agreement: development commercialisation
Action mechanism: diagnostic test/biomarker
Disease: mild traumatic brain injury (TBI)
Details: * On January 7, 2016, Philips and Banyan Biomarkers announced that they have entered into a multi-year joint development agreement to develop and commercialize a new handheld blood test to detect and evaluate mild traumatic brain injury (TBI) - also known as concussion - at the point of care. The new handheld test will be based on Philips’ Minicare I-20 system. The collaboration unites Philips’ strength in patient monitoring and handheld diagnostics technologies, as well as, clinical decision support applications for use in acute care settings, and Banyan Biomarkers’ knowledge of biomolecules that are indicative of neurological injuries. Currently, there is no blood test for use by physicians in the hospital to detect the presence and severity of brain trauma, such as concussion. Following a brain injury, a destructive cascade of biological events continue over hours and days that may worsen the patient’s condition. Banyan Biomarkers has identified two proteins that rapidly appear in the blood of patients soon after injury. The new blood test to detect the proteins will be based on Philips’ Minicare I-20 system. The system consists of a handheld analyzer, dedicated software and a single use, disposable cartridge containing the application specific test. Based on Philips’ proprietary Magnotech biosensor technology, the Minicare I-20 system is being developed to detect multiple target molecules at low concentrations with a blood sample and to show the results on the analyzer display within minutes.
Financial terms: Financial details of the agreement were not disclosed.
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