Over the past few decades, the medical science has witnessed an incredible growth owing to the research and development conducted in this sector. The diseases which were once incurable are now treated with ease by the doctors. Another factor that has led to the growth of the gene synthesis market is the collaboration among the top vendors.
Recently, it was announced that the Integrated DNA Technologies (IDT), a U.S. based company through a subsidiary established in Singapore acquired the production business of GeneWorks Pty Ltd. in Australia. The later company manufactures oligonucleotide. The firm was acquired by the IDT to spread its business and be able to penetrate in the markets of the Asia-Pacific region. The company had established its sales offices in Korea and Japan.
The IDT is a leading company in the sector of the custom nucleic acid synthesis in the world. It has offered the customers of the GeneWorks a wide array of production choices, such as oligos and products for genomics research which are of good quality. After the acquisition the GeneWorks would only offer products, such as cell biology products, molecular, and services associated with it. The firms are dedicated to a unified trade of the business to provide good products to the customers.
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According to the Dr. Joseph A. Walder, CEO and founder of IDT, the acquisition would help to accomplish goal to produce the best products and services of the world. They aim to make it accessible to scientists across the globe. IDT desires to avail customers of the GeneWorks’ with the unparalleled production capabilities, fast turnaround times, and design expertise.
Mr. Peter Guilhaus the Managing Director of GeneWorks believes that with the help of IDT, the customers of the GeneWorks would receive dependable production of oligo. In addition, together the companies would be able to give excellent services to their customers. The companies aim to work together with efficiency and ease.
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Research and Development of a therapy to cure TTR
In the era of technological advancement, the treatment of various serious diseases is possible. On April 27, 2017, it was announced by BridgeBio Pharma, a U.S. based company, that it would launch Eidos Therapeutics. It aims to develop an innovative small molecule treatment. It would be called AG10 which would be used for the treatment of transthyretin (TTR) amyloidosis. The AG10 was first discovered by Isabella Graef, a M.D., who is the co-founder of Eidos along with a Ph.D. holder, Mamoun Alhamadsheh. The discovery of the AG10 was possible owing to the finances managed by the SPARK program of Stanford Medicine.
Mr. Neil Kumar, Ph.D., and CEO of BridgeBio and acting CEO of Eidos stated that Eidos is a company which only targets innovation. The support provided by BridgeBio has the task of Eidos simpler than before. BridgeBio is obliged to provide Eidos all capabilities and resources which would help them to effectively built AG10. This would be done through a clinical development in which the scientific advancement would help in the application of the therapy and save many lives. BridgeBio has sponsored $27 million and a team of expert officials of research & development to assist in the advancement of AG10.
The continuous research and development in the gene synthesis market has ensured its growth. North America, being one of the developed region of the world has safeguarded its population by providing the patients with adequate and efficient medical services.
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