In Brief: Abbott Labs/Home Access
This article was originally published in The Tan Sheet
Executive Summary
Abbott Labs/Home Access: Firms sign an exclusive agreement to collaborate on development and marketing of home diagnostic tests employing Home Access' telemedicine technology. Abbott will market tests to be developed by Home Access, which also will be responsible for gaining FDA clearance and for providing related test result counseling services. Financial terms are not being disclosed. Hoffman Estates, Ill.-based Home Access says it is conducting research in the areas of genetics, cancer drugs, reproductive health and nutrition to determine which diagnostic tests have the most use and potential for the home telemedicine market. The firm is the only company marketing FDA-approved at-home diagnostic tests with counseling services -- the Home Access and Home Access Express HIV test systems. The firm notes that the tests under development likely will function along the same lines as the Home Access HIV test systems, which allow people to perform the test at home and anonymously obtain the results by phone...