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Health Discovery and Abbott sign licensing agreement for prostate cancer tests

Health Discovery Corporation, or HDC, has entered into an agreement with Abbott to commercialize HDC's new molecular diagnostics gene-based tests for clinically significant prostate cancer.

Abbott has acquired co-exclusive clinical laboratory rights and exclusive in vitro diagnostic rights for commercialization of HDC’s tissue-based prostate cancer test as well as HDC’s urine-based prostate cancer test.

Stephen Barnhill, chairman and CEO of HDC, said: “We are very pleased to partner with Abbott on commercialization of these exciting new molecular diagnostic tests for prostate cancer. Abbott is an innovative leader in the fast paced, high growth medical technology space serving customers around the world.”