Odyssey Licenses in Vitro Technology to Panbio

(San Ramon, CA, USA) to Panbio Limited (Brisbane, Australia).

The protein-fragment complementation assay (PCA) technology has the capability to change the way enzyme immunoassays are performed around the world, according to Prof. Stuart Hazell, vice-president for research and development at Panbio. "If we are successful, clinical diagnostic tests that currently require up to three hours will be processed in a matter of minutes, saving time and money to our customers--a dramatic and proprietary breakthrough by Panbio.”

Panbio will pay Odyssey Thera upfront license fees and royalties, which have been funded as part of PanBio's recent capital raising. Panbio is an international diagnostics company that conducts fundamental research and develops and manufactures diagnostic products. Odyssey Thera is a biotechnology company that is pioneering drug discovery through the application of pathway-based approaches.



Related Links:
Odyssey Thera
PanBio