AltheaDx

The financing, which comes on the heels of a $30 million Series C round, will be used for operating capital.

The funding comes several months after the drug metabolism testing company withdrew a planned $74.3 million initial public offering. 

As part of the deal, AltheaDx's IDgenetix genetic testing will be integrated into Sinfonia's medication therapy management programs.

In an SEC document, the company said that current terms were not attractive enough for it to continue with a public offering. 

The molecular diagnostics firm anticipates fetching between $12 and $14 per share in its IPO for net proceeds of $52.2 million at the midpoint price of $13 per share. 

The firm offers a portfolio of genetic tests to help clinicians tailor treatments for patients suffering from cardiovascular disease, neuropsychiatric disorders, and pain. 

BioTheranostics Nicolas Barthelemy its new president and CEO. He succeeds Richard Ding, who will remain chairman of the board of bioTheranostics in addition to heading the Asia Pacific operations for parent company bioMérieux.

NEW YORK (GenomeWeb) – AltheaDx's suite of pharmacogenetic tests, called IDgenetix, has been approved by the New York Department of Health, enabling the molecular diagnostics firm to sell the tests in all 50 US states.

NEW YORK (GenomeWeb) – AltheaDx has received accreditation from the College of American Pathologists, the San Diego firm announced today.

NEW YORK (GenomeWeb News) – Life Technologies has added 11 new members from the US and Canada to its Ion AmpliSeq Exome Certified Service Provider program, the company said today.

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Women with breast or ovarian cancer living in medically underserved regions of the US are less likely to get recommended BRCA1 or BRCA2 genetic testing, according to a new study.

Three immunology researchers are to receive this year's Albany Medical Center Prize in Medicine and Biomedical Research, the Albany Times-Union reports.

In Genome Research this week: clonal evolution analysis of acute myeloid leukemia, computational pipeline to examine relationships between bacterial pathogens, and more.

Elephants may have "re-animated" a pseudogene to help stave off cancer, according to the New York Times.