The Hindu Business Line : BioImagene buys TissueInfo

The California-based BioImagene has acquired TissueInformatics from Icoria, a business unit of Clinical Data Inc, in an all cash and stock deal. The company has a 100 per cent subsidiary in India, BioImagene India Pvt. Ltd, which mainly caters to software development and research.

Mr Abhijeet Gholap, Co-founder and Managing Director of BioImagene, told presspersons that with this acquisition, the company was now able to offer customers the entire range from diagnostics to pre-clinical trials to post approval.

He said TissueInformatics specialises in development and application of automated pathology software for quantitative analysis of tissue changes in drug discovery, disease assessment, toxicology and tissue engineering research. BioImagene would absorb the five employees of TissueInformatics. It plans to have a team of 18 members in Pune.

Mr Abhijit said the domestic market size, which is currently pegged at $4.5 billion, would touch $13 billion by 2009.

He said currently the automated software was only tackling the cancerslides, which included breast, prostrate and colon. Plans are afoot toinlcude skin, liver, kidney and the brain.Usually the research requires about 4,000 slides to be checked, which took about one and half years to complete. This automated software would remove fast the normal slides from the samples given for research. This helps in cutting the research time by more than half.

Mr Abhijit said the system had been implemented in Hong Kong and would make its entry into the domestic market by early next year. He added that two institutes had shown interest in the software.

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