NEW YORK (GenomeWeb News) – NanoString Technologies said after the close of the market on Tuesday that revenues for its second quarter rose 22 percent year over year.

The Seattle-based company, which went public in late June, raising $47.0 million in net proceeds, reported revenues of $7.2 million for the three months ended June 30, compared to $5.9 million a year ago, and beating the average Wall Street estimate of $6.8 million.

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The US Food and Drug Administration has new guidelines that enable some gene and cell therapies to undergo expedited review, according to the New York Times.

Using gene drives to control invasive species might be too risky, an initial advocate of the approach says.

Researchers have grown tumors in 3D cell cultures to better understand cancer, the Economist reports.

In Science this week: intellectual property experts argue patent battles such as the one over CRISPR are wasteful, and more.