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bioMerieux Pushes Ahead in Genomics

BioMerieux's investment in Genome Therapeutics Corp. may be small by pharmaceutical standards, but it signals a significant commitment for an in vitro diagnostics company. The French maker of infectious disease tests and the Massachusetts genomics company are collaborating on the development of tests for infectious diseases for humans and industrial applications. The alliance is broadly reminiscent of the deal between Becton Dickinson and Millenium Predictive Medicine, although the focus is infectious diseases and the size of the investment is much smaller. Still, it signals the increasing importance of novel content to diagnostics companies looking for high-margin, highly proprietary markers to grow their businesses.

bioMerieux SA 's investment in Genome Therapeutics Corp. may be small by pharmaceutical standards, but it signals a significant commitment for an in vitro diagnostics company [See Deal]. The French maker of infectious disease tests and the Cambridge, MA-based genomics company are collaborating on the development of tests for infectious diseases for human and industrial applications.

BioMerieux is giving $6.2 million to Genome Therapeutics in the first year of the four-year collaboration, including a $3.75 million...

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