The HIV center, located in a New York City suburb, will allow Profectus in December to accommodate more than 20 new researchers it plans to hire over the next two years, in addition to the 13 now based in temporary space.
The agreement comes approximately three months after ABL and Stanford reached their own settlement in the suit, in which ABL accused the university and professor of breaching a patent immunity contract regarding Stanford's HIV Drug Resistance Database.
LabCorp's $107 million offer to acquire Monogram gives it access to molecular diagnostics and pharmacogenomic tests that are clinically validated and are free of regulatory challenges. Although Monogram wasn't looking to be acquired, the deal would allow broader marketing of its tests by using LabCorp's national infrastructure.
The study, begun last year, will take longer than the June 2009 timeframe projected late last year. It calls for the NIH to analyze the ability of the Biosafety Level 4 lab to contain 13 toxins to be studied there, and ensure it can run safely.
Rady's Children Hospital and San Diego County are teaming up to test pediatric patients and their families for COVID-19 to gauge the spread of the virus locally, according to the San Diego Union-Tribune.