Response Genetics Buys Assets of Pathwork Diagnostics | GenomeWeb

NEW YORK (GenomeWeb News) – Response Genetics today announced it has acquired the "key assets" of Pathwork Diagnostics, including its US Food and Drug Administration-cleared and Medicare-reimbursed test for diagnosing metastatic, poorly differentiated, and undifferentiated cancer.

In a document filed with the US Securities and Exchange Commission, Response said it will pay up to $1.35 million for the Pathwork assets, including a $200,000 cash payment and issuance of 500,000 shares of Response's stock with a lock-up period through June 2014.

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