Caris Life Sciences® announced it has acquired Pharmatech, a developer of the original Just-In-Time research system with the largest research-ready oncology network.
The acquisition will help pharmaceutical and biotechnology companies identify and rapidly enroll patients in precision oncology trials by combining Caris' large-scale molecular profiling services with Pharmatech's on-demand site activation and patient enrollment system. The pairing will also expand the enrollment opportunities for clinical trials beyond the handful of academic medical centers that are typically tapped. Caris can now connect physicians and patients at hundreds of cancer research centers nationwide, including universities, hospitals, and advanced community-based sites.
"This acquisition allows Caris to facilitate interactions between drug developers who are seeking patients with specific cancer profiles and physicians who are seeking new treatment options for their patients," said David D. Halbert, Chairman and CEO of Caris. "In addition, we have developed a new technology that allows us to identify twice as many fusions as with any other technology, assuring that every patient that is a candidate for a trial gets enrolled."
Caris Molecular Intelligence® assesses DNA, RNA and proteins to reveal a molecular profile that can guide more precise and individualized treatment decisions for patients. This platform is used by oncologists to inform the treatment of tens of thousands of cancer patients every year. With the addition of Pharmatech's research-ready oncology trial network and Just-In-Time model, Caris will have the ability to further serve the physician and patient by bringing them clinical trial options with the patient identification and enrollment completed in as little as 10 days.
"Every cancer patient should receive the best treatments available, including appropriate clinical trials," said Matthew Wiener, PharmD, President and Founder of Pharmatech. "Together, Caris and Pharmatech are uniquely positioned to make clinical trial enrollment much more efficient and patient-centric. This acquisition brings a more integrated service offering to the industry that will significantly improve patient care by quickly identifying patients who can benefit from clinical trials."