NEW YORK (GenomeWeb) – Cantor Fitzgerald yesterday initiated coverage of molecular diagnostic firms Rosetta Genomics and Veracyte with ratings of speculative buy and buy, respectively.

Cantor analyst Brian Brokmeier set a $3 to $5 fair value on Rosetta's shares, citing the firm's shift over the last year from a "niche player in the cancer of unknown primary (CUP) market into a molecular diagnostics lab with a portfolio of tests targeting the oncology market."

Rosetta's shares were trading up more than 11 percent at $1.38 during early morning trading on the Nasdaq Friday.

To read the full story....

Register for Free.

...and receive Daily News bulletins.

Already have a GenomeWeb or 360Dx account?
Login Now.

Consulting company McKinsey says diagnostics companies will have to combine genomic data analysis, electronic medical records, effective reimbursement strategies, and regulatory compliance in order to win.

A new report has found that researchers in Africa are still heavily dependent on funding from organizations in the US, Europe, and China, Nature News says.

An article in The Atlantic argues that the progress being made in science isn't keeping pace with the money and time being spent on research.

In Science this week: a CRISPR screen identifies sideroflexin 1 as a requisite component of one-carbon metabolism, and more.