NEW YORK, Oct 9 – A team of leading researchers from the SNP Consortium, Motorola, and IBM announced Monday the formation of a new company that will serve as a genetic bank, holding accounts that will contain individual genetic profiles and act as an intermediary between patients, researchers, and healthcare providers.

" We will effectively provide a high security online network for individual genetic banking," Arthur Holden, chairman and CEO of the new venture, First Genetic Trust, told GenomeWeb.

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The Jackson Laboratory has filed a complaint accusing Nanjing University of breeding and re-selling its mouse models, the Hartford Courant reports.

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