BIOCRATES and Metanomics Health announced their merger

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BIOCRATES Life Sciences AG, a global leader in targeted metabolomics, announced the acquisition of Metanomics Health GmbH. Metanomics Health is a metabolomics biomarker development and healthcare services specialist based in Berlin, Germany.

The complementary skills and technologies of the merged companies will enable BIOCRATES to serve the fast-growing metabolomics market as total solution provider, with a focus on healthcare and pharmaceutical applications. The joint company will now culminate years of metabolomics-based discovery in the development, approval and marketing of novel diagnostics, aiming to become the world leader in early disease detection.

Metabolomics is the comprehensive analysis of endogenous and exogenous small molecules such as lipids or amino acids, called metabolites. During the last couple of years, fingerprints of metabolites emerged as an essential biomarker approach in pharmaceutical and academic research. They allow researchers to better understand how genetic predisposition, together with lifestyle and environmental factors, influence health and the response to therapies.

“Together, BIOCRATES and Metanomics Health provide the broadest technology and metabolomics product portfolio in the industry. These will enable us to provide deep metabolic phenotyping through targeted metabolomics profiling services, customized assays, targeted screening kits, and comprehensive data interpretation. Moreover, the merger will enable us to develop kits for both Diagnostics and Companion Diagnostics”, said BIOCRATES’ CEO Dr. Wulf Fischer-Knuppertz. “We are looking forward to further developing and expanding our offerings in the life science market. The completed financing round along with the merger allows us to increase our growth through accelerated kit development and regional sales expansion.”

Metanomics Health GmbH is a healthcare company based in Berlin, Germany, hosting a state-of-the-art metabolite profiling facility providing highly robust and reproducible analysis of metabolite pathways and their changes in response to disease, pharmaceutical intervention and nutrition.

Founded in 2002, BIOCRATES Life Sciences AG is a global leader in targeted metabolomics and offers unique solutions for the quantitative and quality-controlled measurement of more than 400 endogenous metabolites in kit format, and more than 800 metabolites as in-house contractual service.

Dr. Tim Bölke, Metanomics Health’s Managing Director, who will continue to lead operations in Berlin and join the management team of BIOCRATES as Chief Medical Officer commented: “Metabolomics has the potential to bring a new dimension to diagnosis and patient stratification in precision medicine as well as to improve the drug discovery and development process. We are looking forward to extending and broadening our services and offerings to improve prognosis and diagnosis in areas of high unmet medical need, ultimately leading to earlier and better treatments.”

SOURCE: biocrates
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