By Tony Fong
NEW YORK (GenomeWeb News) – In late 2006, Johnson & Johnson unit Veridex entered into a licensing deal with OncoMethylome Sciences for a prostate cancer test. The deal, the Belgian cancer research firm thought, would result in a steady stream of product revenues for years to come.
At the time, OncoMethylome had finished the initial research phase for the three-marker urine-based test, and Veridex planned to finish the research. If all went well, Veridex would commercialize the test.