Mayo Medical Laboratories Enters Pathology Testing Agreement with China’s Kindstar
Mayo Clinic to support one of China’s largest clinical laboratory companies
In a trans-Pacific Ocean collaboration with major implications, two important players in clinical laboratory and anatomic pathology testing in their respective countries have inked a multi-year pact. On June 27, 2011, Mayo Clinic of Rochester, Minnesota, announced its agreement with Wuhan Kindstar Globalgene Technology, Inc. (Kindstar), of Wuhan, Hubei Province, China.
In the press release it issued about the agreement, Mayo Clinic said that it would support Kindstar by providing “specialized laboratory support based on provision of knowledge from Mayo Clinic’s Department of Laboratory Medicine and Pathology and its reference laboratory, Mayo Medical Laboratories.” Mayo Clinic also said that it will receive equity in Kindstar and had participated in Kindstar’s Series B financing, which raised approximately U.S. $11 million.
(more…)
