Close Menu

Precipio

Transgenomic's CEO said that its acquisition of Clinical Data's testing and biomarker development business in December will give the firm an additional $13 million in revenue annually while providing it "a much larger presence both with insurers and patients."

Transgenomic, which also raised $6 million in private funding to help pay for the acquisition, gains Clinical Data's Familion line of genetic tests for inherited heart diseases and biomarkers underlying the PGxPredict tests that predict drug response.

The purchase of Clinical Data's genetic testing assets gives Transgenomic 11 marketed tests for inherited heart diseases under the Familion brand, PGxPredict tests gauging drug response, tests targeting Fc gamma receptor biomarkers, and a Plavix response test under development.

The assets being acquired include 11 Familion tests as well as contracts with private and government health insurers for test reimbursement through policies offering access to genetic testing for an estimated 280 million patients.

Clinical Data, which at one point was working toward becoming a personalized medicine company, is now "considering the sale of its genetic testing and biomarker development business."

The firm is considering selling off its genetic testing and biomarker development business, including its CLIA lab.

The firm also will consolidate its R&D work and leave open job positions unfilled.

The grants, awarded through the Qualifying Therapeutic Discovery Project Program created by the Patient Protection and Affordable Care Act of 2010, were disclosed last week by the IRS.

In a filing with the federal appeals court, the DoJ attempted to strike a balance between rewarding inventions that result from genomic discoveries and ensuring that discoveries of natural phenomena remain in the "storehouse of knowledge of all men." Meanwhile, it's business as usual at the USPTO until the appeals court rules on Myriad's challenged BRCA patents.

Myconostica presents study data for MycAssay Pneumocystis test, Transgenomic launches CE IVD-labeled K-RAS kit in EU

Pages

The University of California, Berkeley's Jennifer Doudna reflects at Science on the anniversary of the announcement of the birth of twin girls who underwent genome editing.

By studying its enamel proteome, researchers have found the ancient ape Gigantopithecus blacki belongs to a sister clade to that of orangutans.

Bloomberg Businessweek discusses genomics with BGI's Wang Jian.

In Science this week: researchers find transplanting the gut microbiome in mice affects physiology, and more.