Philips, BG Medicine align on molecular medicine R&D

Philips Medical Systems of Andover, MA, has formed a partnership with BG Medicine (BGM) to develop molecular healthcare products for applications such as molecular imaging and point-of-care diagnostics.

BGM's systems profile technologies that identify biomarker sets associated with disease stage, progression, and treatment. The Waltham, MA, company granted Philips preferential access to certain of its proprietary technologies and services, while Philips has acquired a minority stake in BGM.

By AuntMinnie.com staff writers
August 11, 2006

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