Biodesix, Inc. and Bioyong Technology Company Ltd. announced that they have entered into an international collaboration agreement where Bioyong will develop and commercialize a version of Biodesix’s VeriStrat® proteomic blood test, a precision medicine diagnostic for patients with non-small cell lung cancer (NSCLC), for clinical use in Greater China, with potential expansion into other Asia-Pacific countries. Bioyong will perform their version of the VeriStrat® test on their Clin-TOF matrix assisted laser desorption and ionization (MALDI) mass spectrometry platform. The two companies will also collaborate on the development of new mass spectrometry-based assays in oncology and other clinical areas. The collaboration calls for significant technology transfer of Biodesix’s proprietary MALDI methods and the development of their commercial tests in greater China. Bioyong will make investments in the development, clinical validation, regulatory approval, and commercialization of a version of the VeriStrat® test in their territory. The parties will collaborate on advancing the use of MALDI for clinical use. Bioyong will pay Biodesix approximately $38 million over the life of the collaboration.