Devices & Diagnostics

Gen-Probe buys GTI Diagnostics for $53 million

The acquisition allows the San Diego-based company to expand its transplant diagnostics business, according to Gen-Probe. GTI develops medical diagnostic assays for the transplantation, blood bank and specialty coagulation markets. Its human leukocyte antigen, or HLA, antibody detection products are already sold by Gen-Probe under the Lifecodes brand, but the company has also commercialized a number of other HLA-related testing products, including serological typing trays, enzyme immunoassays and molecular typing products for donor-recipient matching, according to Gen-Probe.

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A Deep-dive Into Specialty Pharma

A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.