Oncocyte announces definitive agreement to acquire Chronix Biomedical, Inc. (Oncocyte Press Release)
"Oncocyte Corporation...today announced that it has entered into an agreement to acquire, through a subsidiary, Chronix Biomedica...Under the agreement, which supersedes the previous collaboration agreement between the companies announced in October 2020, Oncocyte will acquire the intellectual property (IP) and technology for Chronix’s TheraSure™-CNI Monitor, a patented, blood-based test for immune-therapy monitoring, as well as the IP for Chronix’s organ transplant technology... Further, Chronix’s development and business team will become part of the Oncocyte R&D Team and will maintain lab operations in Germany to support the continued development and commercial launch of the monitoring tests. The EU-based team will also lead Oncocyte’s commercial efforts with DetermaRx™ and DetermaIO™ in Germany and other EU member countries upon closing of the transaction."