June 15 (Reuters) - Adaptive Biotechnologies ADPT.O said
on Monday it planned to separate its immune medicine business
from its residual cancer-testing unit, as it reviews options for
the drug-discovery business and focuses on testing.
* The company said it was reviewing options for the immune
medicine business and expected to choose a preferred path by the
end of 2026.
* Adaptive's immune medicine platform helps conduct drug
research by identifying therapeutic targets, and accelerate the
development of precision medicines.
* Adaptive said the residual cancer-testing unit, which
includes its clonoSEQ test, had reached profitability and
expanded insurance coverage.
* ClonoSEQ is used to detect small traces of cancer that may
remain after treatment and is also used in drug-development
studies.
* The unit's revenue rose to $212 million in 2025 from $103
million in 2023, the company said.
* Adaptive said the immune medicine business might be better
placed outside the company's diagnostics-focused model.
* The company said there was no assurance the review would
result in a deal or any other outcome.
(Reporting by Kunal Das in Bengaluru; Editing by Anil D'Silva)
((Kunal.Das2@thomsonreuters.com;))