Wisconsin company strikes partnership with South Korean firm
- KIMS BRIDGE
- Sep 20, 2017
- 2 min read
Wisconsin company strikes partnership with South Korean firm
By Wisconsin State Farmer, Sept. 14, 2017
RPRD Diagnostics’ PGx tests help physicians make decisions about the safest drug treatment for their patients, taking into account the patient's unique genetic profile. Tailoring treatments in this way can improve patient outcomes, reduce the risk of negative drug reactions and lower overall costs. RPRD Diagnostics, based in Wauwatosa, has developed cost-effective PGx tests, screening thousands of known genetic variants that improve upon traditional, widely used tests that screen just a handful.
"Orient Bio recognizes the value of our next-gen pharmacogenomics testing approach and the opportunity to improve healthcare in South Korea," said Ulrich Broeckel, MD, founder and CEO of RPRD Diagnostics. "Of particular interest is our recently launched CNT™ Panel, which is highly relevant for patients of East Asian ethnicity who may receive thiopurine drug treatment, prescribed for patients with leukemia in addition to other diseases."
"Our company has established a very successful business supplying many products and services to drug development and life science markets, thus the partnership with RPRD Diagnostics allows us to build upon previous success while also extending our business into clinical diagnostics," said Dr. Jaejin Chang, President and CEO of Orient Bio. "Dr. Broeckel and his team are looking ahead to a future where pharmacogenomics testing is part of routine clinical care, and Orient Bio shares that vision."
The memorandum of understanding was signed Friday in Seoul by Dr. Broeckel and Dr. Chang. In addition to Governor Walker, also attending the signing ceremony was Katy Sinnott, vice president of International Business Development for the Wisconsin Economic Development Corporation (WEDC).
The agreement was signed as part of Governor Walker’s trade mission to Japan and South Korea. The governor is leading a 22-member delegation that includes WEDC leaders and executives from eight Wisconsin companies. The governor will return to Wisconsin on Saturday, Sept. 23, 2017.
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