Clarient gains license for cancer test technology
APNews
Nov 30, 2009
Medical device maker Clarient Inc. said Monday it signed an exclusive license to technology aimed making better tests for cancer.
The company said it licensed a test that can identify the MUC1 protein from privately held Minerva Biotechnologies. The protein is a potential biomarker that could help identify various types of cancer. Financial terms of the deal were not disclosed.
Clarient said it could take about a year of further development to better evaluate the test's potential.
Shares of Clarient rose 39 cents, or 16.6 percent, to $2.74 in morning trading. The stock has traded between $1 and $4.43 over the last 52 weeks.