Innovative Technological Advancements Improve Early Cancer Diagnoses

- FinancialBuzz.com News Commentary

NEW YORK, Aug. 3, 2020 /PRNewswire/ --  Cancer biomarkers have gained significant importance in the drug-development process in recent years. In particular, microarray technologies provide analysis of tens of thousands of molecules for a variety of assays, including drug binding, molecular interactions, enzyme activity and pathway identification. According to a research by BCC Publishing, these microarrays, which include DNA microarrays, protein microarrays, tissue microarrays, low complexity microarrays and carbohydrate microarrays, are excellent tools for gene expression profiling, biomarker profiling and diagnostics. As a result, pharmaceutical and biotechnology companies and researchers use these microarrays to modernize drug target identification and testing. Furthermore, the swift growth in the clinical research and diagnostic devices markets has strong influence on applications of microarray technology, including for clinical trials and diagnostic devices. And, data by BBC Publishing specifies that the global market for cancer profiling technologies should grow from USD 45.2 Billion in 2018 to USD 90.6 Billion by 2023 while experiencing a compound annual growth rate (CAGR) of 14.9% for the period of 2018-2023. AnPac Bio-Medical Science Co., Ltd. (NASDAQ: ANPC), Seattle Genetics, Inc. (NASDAQ: SGEN), Bristol-Myers Squibb Company (NYSE: BMY), NeoGenomics, Inc. (NASDAQ: NEO), Merck & Co., Inc. (NYSE: MRK)

Early diagnosis is crucial for improving chances of survival in cancer patients. Over the decades, great strides in oncology diagnostics technology have been achieved. For example, a new research published in Nature Communication Biology indicates that a way of identifying cancer biomarkers has been developed by researchers at Lund University in Sweden. The new technology allows very sensitive, quick and cost-effective identification of cancer biomarkers. Professor Carl Borrebaeck, director of CREATE Health Cancer Center at Lund University explained that, "We have for years been developing advanced diagnostic approaches for multiplexed analysis of serum proteins, using a single drop of blood, for the purpose of early diagnosis of complex disease, in particular cancer. There is massive amount of information in blood and our combination of proteomics and genomics will open up for rapidly associating early tumor development with protein signatures. This in turn will benefit the patients with a more favorable outcome and overall survival. We are very excited with this novel next generation of biomarker discovery tool."