1) Companion diagnostics are tests that are essential for the safe and effective use of a corresponding drug or therapeutic product. Complementary diagnostics provide additional information that may predict treatment response but are not required for determining treatment. 2) Companion diagnostic tests identify biomarkers that indicate whether a patient is likely or unlikely to respond to a targeted drug. For example, the KRAS companion diagnostic predicts response to cetuximab for colorectal cancer. 3) The global cancer diagnostic market, including companion diagnostics, is large and growing as healthcare shifts toward personalized medicine approaches.