Covance Inc. (NYSE: CVD), a leading provider of drug development services, announced today that it entered into a biomarker alliance and services agreement with Rules-Based Medicine, Inc. (RBM), a leading provider of multiplexed protein biomarker testing to the pharmaceutical industry.
Subject to the terms of the agreement, Covance will use RBM as its exclusive third-party provider of multiplexed protein biomarker testing services, and RBM will use Covance as its exclusive referral source for laboratory testing services.
"RBM's unique biomarker technology platform, combined with Covance's recent acquisitions and alliances in biomarkers and genomics, strengthens our ability to provide comprehensive biomarker discovery, verification, validation, and deployment in both the preclinical and clinical setting," said Deborah Tanner, Corporate Senior Vice President and President of Covance Central Laboratory Services. "These innovative technologies are critical tools for drug safety and efficacy testing, which help enable our clients to make better decisions and accelerate their drug development programs."