Skip to main content
Premium Trial:

Request an Annual Quote

Genetic Technologies Announces Planned Chinese Joint Venture

NEW YORK (GenomeWeb) — Australian molecular diagnostics firm Genetic Technologies said today that it has partnered with Beijing Zishan Health Consultancy to help expand into the Chinese market.

Under the terms of the deal, the two companies will explore the potential of establishing a 50/50-owned  joint venture that will offer Genetic Technologies' genomic tests — which include the BrevaGenplus breast cancer risk assessment test — in China. Zishan will handle sales, account management, marketing, and promotion of the tests, as well as act as a liaison between Genetic Technologies and the China Food and Drug Administration.

The partners have also agreed to evaluate options for establishing a licenced genetic testing facility in China to run Genetic Technologies' tests. The board of the proposed JV would also be split 50/50.

Additional terms were not disclosed.

"The Healthy China 2030 plan, launched by President Xi Jinping in August 2016, is comprised from six policy areas, one of which is focused on the prevention and treatment of chronic, non-communicable diseases such as diabetes, cancers, stroke, and obesity," Zishan Executive Director Gao Lei said in a statement. "Genetic screening companies have been identified as critical in the early detection of such diseases and therefore lead to proactive treatment."

In June, Genetic Technologies said it formed a joint venture with Swisstec focused on developing a service platform using blockchain technology for medical services and personalized health management.

The Scan

Cell Atlas of Human Lung Development Gives View of Developing Airway

Researchers have generated a cell atlas of human lung development, which they report in Cell.

Study Finds Costs of Genome Sequencing May Limit Utility in Routine Care

Researchers report in the European Journal of Human Genetics that genome sequencing for rare disease diagnoses currently has similar benefits as less expensive exome analysis.

Study Suggests Nursing Mother's Diet Can Impact Offspring's Gut Microbiome

A new Cell Host and Microbe paper finds that mice whose mothers were fed a low-fiber diet during nursing experience lasting microbiota dysbiosis and increased obesity.

Study Links Genetic Risk for ADHD With Alzheimer's Disease

A higher polygenic risk score for attention-deficit/hyperactivity disorder is also linked to cognitive decline and Alzheimer's disease, a new study in Molecular Psychiatry finds.