Abcodia and the Austrian Institute of Technology Announce Collaboration on Biomarkers for the Early Detection of Lung and Colorectal Cancer

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June 19, 2013 -- Abcodia, the biomarker validation company with a focus on cancer screening, today announced a collaboration with the AIT Austrian Institute of Technology which will focus on the validation of biomarkers for the early detection of lung and colorectal cancers.

The collaboration spawns from Abcodia’s academic biomarker programme, which aims to partner with the world’s leading academic centers to assess candidate biomarkers for potential use in the early detection or screening of cancer. Through Abcodia’s exclusive access to a unique longitudinal collection of serum samples derived from a population cohort involved in the UKCTOCS trial, Abcodia and AIT will work closely to design a series of longitudinal studies to validate panels of biomarkers for lung cancer and colorectal cancer. The collaboration aims to generate a package of data that will support the licensing of the IP to a commercial partner.

Chris Hodkinson, Chief Operating Officer for Abcodia, said: "I am delighted to be able to announce that we will be collaborating with the Austrian Institute of Technology. AIT’s Molecular Diagnostics Group has a high reputation for their work in developing cancer biomarkers and has already filed patents for tumour biomarkers in lung and colorectal cancer. I hope that our partnership will advance these biomarkers for cancer screening by assessing how early they can be detected before clinical diagnosis.”

Martin Weber, Head of the business unit Molecular Diagnostics at AIT, said: "The collaboration with Abcodia is an excellent fit for us. Abcodia’s expertise in longitudinal designs using the UKCTOCS sample bank, knowledge of cancer screening and links with other commercial companies will prove invaluable in helping us advance our early stage markers towards commercialisation and clinical use."

About Abcodia

Abcodia is a specialist company engaged in the developing biomarkers for the early detection of cancer. The company has developed deep expertise in the methods and technology relevant to the discovery and validation of biomarkers that can be detected well before the symptomatic presentation of cancer. Through an exclusive commercial license to the UKCTOCS biobank, the company is able to use the 500,000 samples from this population cohort to develop a pipeline of diagnostic products for the early detection of a range of cancers. Abcodia has received investment from Albion Ventures and UCL Business.

For further information please see www.abcodia.com or email info@abcodia.com

About the AIT Austrian Institute of Technology

The AIT Austrian Institute of Technology is Austria's largest non-university research institute and is among the European research institutes a specialist in the key infrastructure issues of the future. The Molecular Diagnostics business unit focusses on biomarkers, assay development, bioinformatics and diagnostic biosensors and has several patents on biomarkers for cancer. The group combines innovative high throughput technologies (e.g. next generation sequencing, real-time PCR, microarrays) with their own in-house workflow-based data analysis tools to support partners and customers in the ultimate goal of defining biomarkers for personalized medicine and early disease detection.

For further information please see http://www.ait.ac.at/md

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