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By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Cancer genomics testing service firm NeoGenomics today said that fourth-quarter revenues rose 47 percent year over year.

The Fort Myers, Fla.-based company posted $12.9 million in revenues for the three months ended Dec. 31, 2011, up from $8.8 million a year ago. The firm said that while test volume increased 57 percent year over year, the average revenue per test decreased 6 percent.

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Oil made from gene-edited soybeans is already in use, according to the Associated Press.

USA Today reports that Department of Veterans Affairs is teaming up with Sanford Health to provide veterans with genetic testing.

Mother Jones reports there are few regulations overseeing the use of genetic genealogy by law enforcement.

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