Strategic Initiative

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NanoString Technologies Enters Into Collaboration Agreement With Medivation and Astellas to Develop Novel Companion Diagnostic Test

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Additional Information

Additional Relevant Details Under the terms of the collaboration agreement, NanoString will be responsible for developing and validating the diagnostic test and, if the parties thereafter determine to proceed, NanoString would also be responsible for seeking regulatory approval for and commercializing the diagnostic test. NanoString is eligible to receive up to $22 million for technology access, near-term milestones and development funding, in addition to other potential undisclosed downstream payments. Under the Collaboration Agreement, NanoString will modify its PAM50-based Prosigna Breast Cancer Assay for potential use as a companion diagnostic test for enzalutamide for triple negative breast cancer. The modified test will be based upon data from a Phase 2 trial conducted by Medivation and Astellas that evaluated enzalutamide in patients with triple negative breast cancer.
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Strategic Initiative Date
Announcement Date:
Jan 07, 2016
Projected Implementation:
Q1, 2016
Relevance Tracked Until:
Q1, 2017
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Related Keywords Gene Expression Signature Algorithm, Ncounter Dx Analysis System, Collaboration, Milestone Payment, Pam50-based Prosigna Breast Cancer Assay, Companion Diagnostic Test, Enzalutamide, Triple Negative Breast Cancer