Transgenomic said yesterday that it has contracts in place with three undisclosed pharmaceutical companies and is in discussions with "many more" to explore applications for its recently licensed technology for coamplification at lower denaturation temperature, or COLD, PCR.

The company also updated investors on how it expects the COLD-PCR technology to drive future revenues through diagnostic kit sales and testing services, and create new opportunities to work with the pharmaceutical sector to create companion diagnostic assays.

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