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Diagnostics: OncoVista, KellBenx Ink Licensing Deal

June 21, 2010 (FinancialWire) — AdnaGen AG, a subsidiary of OncoVista Innovative Therapies, Inc. (OTCBB: OVIT), a biotech company developing early detection and drug technologies to enable cancer treatments, said that it has entered into an option agreement to license specific antibodies to KellBenx Inc., a private biotech firm.

New York-based KellBenx focuses on the development of non-invasive prenatal diagnosis for specific genetic and other heritable disorders.

Under the license, KellBenx will secure exclusive worldwide rights to commercialize the antibodies, which enable the extraction of clinically relevant information from maternal blood through a test that could be widely available as early as 2011.

Fetal Nucleated Red Blood Cells, which have been identified in maternal blood, can be a source for monitoring and diagnosis of maternal, fetal, and neonatal health and disease, according to the companies.

The KellBenx process involves the enrichment of FNRBC’s with the antibodies licensed from AdnaGen, namely Monoclonal Antibodies with Specificity for Fetal Erythroid Cells, to perform chromosomal or genetic analysis to identify markers of potential disorders.

Texas-based OncoVista is a biopharmaceutical technology company commercializing diagnostic tests for metastatic tumors, as well as developing targeted anticancer therapies by utilizing tumor-associated biomarkers.

The firm has developed diagnostic kits for breast, colon, ovarian, and prostate cancers, and currently markets diagnostic kits in Europe for the detection of circulating tumor cells in patients with breast, colon and prostate cancer.

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