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Abraxis BioScience, Inc. has announced an agreement with theUniversity of Southern California (USC) that provides Abraxis with the exclusive worldwide development and commercialization rights for an intellectual property portfolio of diagnostic protein biomarkers for therapy response, therapy toxicity and disease recurrence in colorectal cancers (CRCs). Financial terms were not disclosed.The intellectual property licensed is based on USC research by Associate Professor of Medicine Heinz-Joseph Lenz and colleagues. USC Stevens Institute for Innovation facilitated the licensing transaction. While surgery currently is the treatment of choice in earlier stages of colorectal disease, the research team, led by Dr. Lenz of the Norris Cancer Center in the USC Keck School of Medicine, d
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