Oxford Gene Technology Signs Licensing Deal for Colorectal Cancer Biomarkers

Oxford Gene Technology, a provider of innovative clinical genetics and diagnostic solutions, has entered into an exclusive licensing agreement with Inven2, the technology transfer office at Oslo University Hospital and University of Oslo, for 12 colorectal cancer tissue biomarkers, according to a news release.

The license allows OGT to commercialize tests developed using the biomarkers and to sublicense the markets to other parties. The biomarkers were developed in the department of Cancer Prevention at the Norwegian Radium Hospital, a part of the Oslo University Hospital. OGT has validated the results from tests showing sensitivity of 93 percent and specificity of 90 percent when using tissue biopsies.

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