Biora Therapeutics Announces Sale of Cell-Free DNA Patent Rights
SAN DIEGO, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Biora Therapeutics, Inc. (Nasdaq: BIOR), the biotech company that is reimagining therapeutic delivery, today announced it has completed a one-time asset sale agreement to assign certain patent rights related to methods for determining the origin of cell-free DNA to Roche Diagnostics. Financial terms were not disclosed.
The patent rights being assigned, which resulted from the company’s previous molecular diagnostics research and development efforts, are directed to methods and systems for determining the origin of DNA molecules in a cell-free bodily fluid sample. The patent family includes an allowed application in Europe (16802196.2), a divisional application in Europe (22203021.5), and a pending application in the U.S. (15/773,789). The applications describe the use of this technology to determine fetal fraction, to detect the presence of cancer, to detect transplant rejection, to monitor organ failure or tissue necrosis, and to diagnose heart disease.
“We are pleased that these discoveries related to the company’s former molecular diagnostics R&D efforts will be further developed by Roche,” said Adi Mohanty, Chief Executive Officer of Biora Therapeutics. “As Biora focuses on the progress of its therapeutics pipeline, we remain committed to ongoing efforts to realize value from our legacy assets in parallel.”
About Biora Therapeutics
Biora Therapeutics is the biotech company that is reimagining therapeutic delivery. By creating innovative smart pills designed for targeted drug delivery to the GI tract, and systemic, needle-free delivery of biotherapeutics, the company is developing therapies to improve patients’ lives. Biora envisions a world where patients have access to needle-free drug delivery and better therapeutic outcomes.
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Managing Director, LifeSci Advisors