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Market Dynamics
Companion diagnostics are beneficial for pharmaceutical companies who face challenges with respect to high drug development cost , safety and outcome of clinical trials , and long product approval time . Companion diagnostics lowers development costs , improves time to market and enhances drug safety by enabling rapid identification of target biomarker and the most effective drug therapy . For patients , the technology provides better treatment outcomes and lower morbidity risk . Use of technologies such as PCR , immunohistochemistry , and gene sequencing has enabled accurate diagnosis and determination of targeted cancer therapy . As the CDx tests also aid in revealing the off-target effects of a drug along with identification of a molecular target , CDx have become and indispensable tool for oncologists .
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