Molecular and point-of-care diagnostics company Nanogen (San Diego) has filed for Chapter 11 bankruptcy and entered a deal to sell its assets, the company announced on May 14. Lacking the cash required to continue running its business, Nanogen has agreed to sell nearly all of its assets to diagnostics company the Elitech Group (Paris) for $25.7 million. The sale is subject to customary closing conditions, as well as the approval of the bankruptcy court and an auction process in which the company may seek competing bids to achieve the highest price for its assets.

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June 2009 - Table of Contents

DTTR June 2009

H1N1 Outbreak Puts Focus on Lab Testing Capability

ACLU Suit Challenges Breast Cancer Gene Patents

Nanogen Files for Chapter 11, Agrees to Sell Assets

Myriad Sees MDx Revenues Rise 47%, Launches Seventh Test

Inside the Diagnostics Industry: FDA Clears CDC Test for H1N1, Companies Race to Develop Own Tests

CMS Proposal Would Limit Medicare Coverage for Warfarin Response Testing

Combination Test Can Predict End-Stage Renal Disease

JAMA Study Links Albumin Levels to Blood Clot Risk

Genetix Acquires SlidePath to Expand in Digital Pathology

Thermo Fisher to Acquire Alesco’s Biolab Division for $120 Million

Prometheus Partners With Rosetta Genomics on Molecular Tests for Cancer

‘Comparative Effectiveness’ Is New Buzzword in Washington

IVD Stocks Up 6%; Quidel Soars 43% on Swine Flu Outbreak

G-2 Insider: Personnel Changes at FDA