FRANKFURT, Germany--Hoechst Marion Roussel and Ariad Pharmaceuticals announced that Hoechst intends to purchase Ariad's 50 percent ownership stake in the Hoechst-Ariad Genomics Center, a joint venture created in 1997. The two companies formed the center to pursue functional genomics based upon the latest technologies in molecular and cellular genetics and bioinformatics. The center's goal is to analyze human genes and identify those genes that encode novel therapeutic proteins or targets for small-molecule drug discovery.

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360Dx reports that the US Centers for Medicare & Medicaid Services would cover next-generation sequencing-based cancer panel tests.

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