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Agilent Technologies Inc. Acquires Avida Biomed

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Agilent Technologies Inc.ย has acquired Avida Biomed, an early-stage life sciences company that develops high-performance target enrichment workflows with unique capabilities for clinical researchers utilizing next-generation sequencing (NGS) approaches to study cancer.
The acquisition complements Agilentโ€™s SureSelect portfolio and further augments Agilentโ€™s strategy to expand into the high-growth clinical research and diagnostics markets. The chemistries and assays from Avida Biomed are compatible with Agilentโ€™s automation platforms including Magnis and Bravo, which will facilitate efficient scaling of research experiments and routine sample testing.

Avida Biomedโ€™s genomics tools enable simultaneous genomic and DNA methylation profiling from a single sample without compromising sensitivity or specificity. The companyโ€™s streamlined assay protocol, which also includes library preparation, can be completed in a single shift enabling fast turnaround of assay results. This automatable workflow has been validated for use with various sample types including liquid biopsy.

โ€œThe team of talented scientists and genomics industry veterans at Avida Biomed have created a best-in-class toolset that is highly complementary to Agilentโ€™s existing NGS offerings,โ€ said Sam Raha, president of Agilentโ€™s Diagnostics and Genomics Group. โ€œWe are thrilled to welcome the Avida Biomed team to Agilent. Weโ€™re also very excited to be able to bring these powerful tools to our oncology customers around the world who are working to improve the understanding of cancer and the diagnosis and treatment of cancer patients.โ€

Avida Biomedโ€™s technology will enable scientists working in precision medicine to develop new approaches for a variety of applications including biomarker discovery, patient selection for clinical trials, diagnosis and prognosis, therapy selection and disease recurrence.

โ€œWe are honored and excited to join forces with Agilent to bring our technology to market,โ€ said Shengrong Lin, CEO of Avida Biomed. โ€œTarget enrichment is key to conducting an in-depth analysis of gene targets of interest. We look forward to combining our resources and expertise to make our tools and techniques widely available to clinical researchers across the globe.โ€

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