Under the terms of the agreement, Saladax Biomedical and Bristol-Myers Squibb will collaborate globally on development and regulatory approvals. Saladax received exclusive global rights to commercialize the assays it develops.

Salvatore Salamone, CEO of Saladax, said: “The collaboration demonstrates our capability to develop clinical diagnostics with a leading global pharmaceutical company such as Bristol-Myers Squibb. The breadth and flexibility of Saladax’s core scientific capabilities can be applied broadly to clinical diagnostics in different therapeutic categories.”

Saladax Biomedical develops diagnostic tests for the practical delivery of personalized medicine. The company’s products span all stages of development and address a variety of therapeutic areas, with an initial focus in oncology with its MyCare platform.

Saladax applies its validated technology platform to generate tests that increase efficacy and reduce toxicity of existing and emerging therapeutics, on a patient by patient basis.