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The tests are based on the company's ICE COLD PCR technology, which preferentially enriches mutant DNA sequences in an excess of wild-type DNA.

Money from the private placement will be used for general corporate and working capital purposes, including activities supporting its ICE COLD-PCR technology.

The company also plans to launch its first services and products based on its flagship multiplex ICE-COLD PCR (MX-ICP) technology in June.

The partners will work together to incorporate Horizon Discovery's genomic reference standards into Transgenomic's Multiplexed ICE COLD-PCR.

The firm saw growth in its patient testing business in both the fourth quarter and Fiscal Year 2014.

Transgenomic has gained the rights to use Exiqon's locked nucleic acid oligonucleotides for several platforms, including NGS and ICE COLD-PCR.

The offering raised net proceeds of $6.2 million, which will be used for working capital and general corporate purposes, the firm said. 

The company is offering about 3.6 million shares of its common stock, and warrants to purchase 715,000 shares of its stock.

NEW YORK (GenomeWeb) – A recently launched lawsuit in Canada challenging the practice of patenting genomic DNA is also asking the Federal Court to determine that advanced diagnostics utilizing next-generation sequencing platforms do not infringe patents on older testing methods involving the ampl

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NPR reports that many USDA researchers working at the two agencies that are relocating to the Kansas City area are declining to go.

Genetic genealogy has helped exonerate a man who has been jailed for 20 years, Agence France Presse reports.

A new report says genetically modified food might be necessary to be able to feed a planet of nearly 10 billion people, Bloomberg says.

In Nature this week: new RNA editing approach called LEAPER, draft assembly of Musa balbisiana banana genome, and more.