Skip to main content
Premium Trial:

Request an Annual Quote

Rosetta Closes Acquisition of PersonalizeDx

NEW YORK (GenomeWeb) – Rosetta Genomics today announced that it has completed its previously announced acquisition of CynoGen, a molecular diagnostics firm doing business as PersonalizeDx.

Rosetta bought the firm from Prelude Corp., which recently acquired CynoGen from Abbott, in exchange for $2 million, 500,000 of Rosetta's ordinary shares, and certain undisclosed assets and services.

Through the deal, Rosetta has picked up PersonalizeDx's portfolio of proprietary fluorescence in situ hybridization-based tests for prostate, bladder, and lung cancers, as well as a CLIA lab in Lake Forest, Calif. Also included in the deal is Prelude's assay for ductal carcinoma in situ, a prognostic test designed to differentiate stage 0 breast cancer patients at high and low risk for disease recurrence, as well those likely to respond to therapy versus those who are not.

Rosetta said that PersonalizeDx recorded 2014 revenues of $6.9 million. Following the acquisition, Rosetta anticipates its 2015 revenues will be in the range of $10 million to $12 million, and its 2016 revenues will exceed $18 million.

The Scan

Billion-Dollar Diversity Initiative

The Howard Hughes Medical Institute is now accepting applications for its new $1.5 billion initiative to boost the diversity of the scientific workforce.

Biotech Co-Founder Arrested

A co-founder of a Los Angeles-based biotech company has been arrested in connection with a murder-for-hire scheme, according to Endpoint News.

Return of the Tasmanian Tiger

The Washington Post reports that a team in Australia is working to bring the thylacine back from extinction.

Nature Papers on Genome of Individual From Pompeii, CircRNA Study Best Practices, More

In Nature this week: first sequenced genome of a person from Pompeii, best practice guidelines for circRNA studies, and more.