Genomic Vision | GenomeWeb

Genomic Vision

Product sales rose nearly 23 percent during the year, but this was offset by a 34 percent dip in revenue from an R&D collaboration with Quest Diagnostics.

The French molecular diagnostics company said almost 95 percent of its revenue during the quarter came from its R&D collaboration with Quest Diagnostics.

The company and the hospital will conduct a clinical study into the detection and prevention of the disease.

Under the arrangement, the partners will use Genomic Vision's molecular combing technology to identify genetic variations underlying different diseases.

A 56 percent increase in revenues from the French molecular diagnostic firm's collaboration with Quest Diagnostics drove up overall revenue growth. 

The firm said the drop in revenues was due to a lack of milestone payments from Quest Diagnostics, which accounted for half of all revenues in the prior-year period.

Through its agreement with Quest Diagnostics, the company plans to launch a BRCA1/2 test, followed by tests for Lynch syndrome and HPV. 

The alliance is developing new optical DNA mapping technologies for diagnostic applications.

In Science this week: metagenomic-based technique for determining protein structure, and more.

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