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www.fdanews.com/articles/61704-philips-and-bg-medicine-form-alliance-for-molecular-medicine-research-and-development

PHILIPS AND BG MEDICINE FORM ALLIANCE FOR MOLECULAR MEDICINE RESEARCH AND DEVELOPMENT

August 14, 2006

Royal Philips Electronics and BGMedicine have established an alliance in the field of Systems Biology. Under the partnership agreement BG Medicine will collaborate withPhilips to develop the next generation of molecular healthcareproducts for application in areas such as molecular imaging andpoint-of-care diagnostics. Key to the alliance is BGM's proprietarysystems profiling technologies that identify biomarker sets associatedwith disease stage, progression and treatment. BG Medicine has grantedPhilips preferential access to certain of its proprietary technologiesand services, and Philips has acquired a minority stake in BGMedicine, which is privately-held and based in Waltham, Massachusetts.
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