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This article has been updated to note that PDI is moving away from the contract sales business with drug companies. Originally published Oct. 22.

NEW YORK (GenomeWeb News) – PDI and Transgenomic today announced a collaboration to commercialize Transgenomic's molecular diagnostic test that identifies specific genes that influence the safety and effectiveness of commonly used cardiovascular drugs.

Transgenomic said this week that Paul Kinnon has been named president, CEO, and a director of the company, replacing Craig Tuttle.

People in the News: Paul Kinnon

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Transgenomic has appointed Paul Kinnon to president and CEO, replacing Craig Tuttle. Kinnon will also serve as a director on the company's board.

NEW YORK (GenomeWeb News) – Transgenomic reported after the close of the market on Tuesday that its second quarter sales dropped 20 percent year over year.

Industry reactions to the US Supreme Court's decision to invalidate patents on isolated gene sequences were immediate and ranged from elation to disappointment.

Transgenomic announced this week that it has signed an agreement with Amgen to develop an IVD test to identify NRAS and KRAS mutated patients with advanced colorectal cancer using its RAScan kits.

Transgenomic's chief commercial officer Chad Richards resigned effective May 10, the company said in a recent filing with the US Securities and Exchange Commission. Transgenomic said it has not named a replacement.

NEW YORK (GenomeWeb News) – Transgenomic reported after the close of the market Wednesday that its first-quarter revenues inched up 2 percent as an increase in sales from its laboratory services unit were offset by lower instrument sales.

James Lupski has been named a fellow of the American Academy of Arts and Sciences.

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