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KMPM picks up BPH’s units
Posted on Thursday, 21 May 2020 10:33
Konica Minolta Precision Medicine (KMPM), a subsidiary of Konica Minolta, has acquired the assets of US-based health data management platform Backpack Health (BPH).

No financial details were disclosed.

BPH provides a secure mobile and web-based platform, which allows patients to store and share their personal health information with caregivers, while contributing authorised anonymised data to the pharmaceutical research community.

Its multilingual application acts as a portable health record (PHR) device for registered users that can be accessed from any location and translates health details on the go, including medical history and allergies.

As a result, data from a patient’s PHR can be submitted to medical foundations and research sponsors to help support drug development programmes and clinical trials.

The target’s software will complement the buyer’s existing precision medicine companies, Invicro and Ambry Genetics, which provide imaging biomarkers and genetic testing services, respectively.

Jack Hoppin, president of the acquiror, said: “The mission of BPH to facilitate relationships between foundations, individuals and patients in need and developers of novel therapeutics fits squarely at the centre of our pharmaceutical and clinical research efforts at KMPM.”

Invicro’s chief executive, Matt Silva, noted the target will offer the medical community improved patient connection and access to real-world data to accelerate drug discoveries for novel diseases.

Formed in 2018, KMPM provides a range of genomic, pathology and imaging services to help pharmaceutical developers and clinicals make informed decisions for prescriptive and preventative patient care.

Ambry has carried out over 20,000 genetic testing studies and been featured in over 200 peer-reviewed publications.

Zephyr, the M&A database published by Bureau van Dijk, shows there have been 3,809 deals targeting data processing, hosting and related services providers announced worldwide in 2020 to date.

The largest of these involved Morgan Stanley agreeing to buy US-based E*Trade Financial for USD 13.00 billion.

© Zephus Ltd