Biopharmaceutical major AstraZeneca plc (NASDAQ: AZN) recently revealed that it has signed a Master Collaboration Agreement with a molecular diagnostics company, Amoy Diagnostics Co. Ltd. Following the news, shares of the company declined marginally to close at $68.61 on Monday. The agreement entails the development and commercialization of AmoyDx assays that may cover any type of indication or biomarker for companion diagnostic (CDx) use with AstraZeneca medicines globally.
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