Two startup companies focused on molecular diagnostics have managed to raise capital in difficult economic conditions. Diagnoplex (Epalinges, Switzerland), a developer of molecular diagnostics for cancer, has raised CHF10 million (approximately $8.6 million at current exchange rates) in a Series A round led by Novartis Venture Fund and NeoMed, with Initiative Capital Romandie acting as co-investor. Generation Health (Saddle River, N.J.), a genetic testing benefit management company, raised nearly $5 million in Series A funding. Its backers include Highland Capital Partners, Correlagen Diagnostics, D2Hawkeye, and company management.

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January 2009 - Table of Contents

DTTR January 2009 (full PDF issue)

Genentech Files Petition with FDA Urging Regulation of Lab-Developed Tests

Rosetta Genomics Launches First Test

Invitrogen, Applied Biosystems Close on $6.7 Billion Merger Deal

HHS Report Examines Potential of Molecular Medicine

LabCorp, National Jewish Health to Collaborate on Molecular Diagnostics

American College of Physicians Releases Guidance on HIV Screening

New Study Findings May Aid in Breast Cancer Diagnosis, Treatment Selection

Gene Networks May Predict Leukemia Growth Rate

BD Receives FDA Approval for Cervical Cancer Screening System

Protein Levels Indicate Risk of Death in Colorectal Cancer Patients

Clarient Introduces Second Genetic Test for Colorectal Cancer

Esoteric Testing Fuels 11% Q3 Revenue Growth at LabCorp

Roche Gets CE Mark for New HIV, HBV Viral Load Tests

Tom Daschle Nominated for HHS Secretary

Abaxis Gets CLIA Waiver for Point-of-Care Test Panels

Gene Express, BioTrove to Co-Market Lung Cancer Test

Diagnoplex, Generation Health Close on Funding Rounds

IVD Stocks Down 12%; Affymetrix Falls 30%

Learn From Leaders in Molecular Diagnostics