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Sequenom Shares up 10 Percent on Lung Cancer Biomarker Data

NEW YORK, April 19 (GenomeWeb News) - Shares in Sequenom were trading up 10.3 percent, or $.10, at $1.11 in early afternoon trading on news that the company has developed a process to identify epigenetic markers in lung cancer.

 

The process performs high-throughput DNA methylation analysis based on Sequenom's MassArray system, the company said in a statement.

 

As described in a late-breaking poster at the American Association for Cancer Research meeting in Anaheim, Calif., Sequenom in collaboration with University of Liverpool researchers evaluated the performance of the procedure in a clinical setting by analyzing the cytosine methylation pattern in non-small cell lung cancer.

 

Shares of Sequenom reached a morning high of $1.20 immediately following the news, but have since dipped to their current level.

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