NEW YORK (GenomeWeb News) – Toyota Tsusho America and Nippon Kayaku have formed a joint venture that will focus on discovering and selling novel biomarkers and biomarker-based tests for diabetes.
The new company, which is called GlycoMark and is located in Winston Salem, NC, and in New York, will sell the GlycoMark diabetes blood test, which the two companies previously commercialized together through a partnership. The GlycoMark test is used to guide management of diabetic patients and for clinical trials on diabetes drugs.
The new company initially will focus its efforts on continuing to commercialize the GlycoMark lab test with partner labs in the US, and it also plans to introduce the test in the European Union. The joint venture also is developing a point-of-care and home-test version of the GlycoMark.
Toyota Tsusho America is a New York, NY-headquartered company with seven operating divisions, including chemicals, metals, machinery, consumer products and others, and Nippon Kayaku is a fine chemicals manufacturer based in Tokyo.