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Trends and Finance
Clinical lab to pay $2.5M for rent sham kickback scheme
By
LabPulse.com staff writers
The lab's agreements with physician practices and providers typically provided for the use of an exam room by lab personnel, as well as for the use of basic equipment.
May 17, 2024
T2 Biosystems to sell $8M in stock in private placement
By
LabPulse.com staff writers
T2 Biosystems has announced that it has signed a definitive agreement to sell approximately $8 million in shares and warrants to a group of investors.
May 16, 2024
Northwell Health Cancer Institute opens molecular diagnostics laboratory
By
LabPulse.com staff writers
The Northwell Health Cancer Institute and its Center for Genomic Medicine have opened a new $3.2 million 2,800-sq-ft molecular diagnostics laboratory in Lake Success, NY.
May 13, 2024
Qiagen partners with FBI on forensics assay
By
LabPulse.com staff writers
Qiagen has announced a collaboration with the FBI to develop a new assay to improve DNA quantification for use in forensics and human identification.
May 8, 2024
Myriad Genetics reorganizes EU operations, sells EndoPredict business
By
LabPulse.com staff writers
Precision medicine company Myriad Genetics has signed an agreement to sell its EndoPredict business to French IVD and life sciences firm Eurobio Scientific.
May 9, 2024
German court rules patent invalid in 10x infringement suit against NanoString
By
LabPulse.com staff writers
The German Federal Patent Court has ruled invalid the German part of a patent at the heart of a lawsuit brought by 10x Genomics against NanoString Technologies, now a Bruker subsidiary.
May 8, 2024
Karius raises $100M in series C funding
By
LabPulse.com staff writers
Diagnostics firm Karius has secured $100 million in series C funding in a recent financing round.
May 6, 2024
Cue Health to cut 230 jobs in restructuring plan
By
LabPulse.com staff writers
In a filing with the U.S. Securities and Exchange Commission, Cue Health said it intends to cut 230 jobs, 49% of its workforce, as part of a cost-reduction plan the firm is implementing.
May 3, 2024
Quest Diagnostics to add digital pathology lab, AI pathology center in Tennessee
By
LabPulse.com staff writers
Quest Diagnostics said it will acquire PathAI Diagnostics in Memphis, TN, the business of PathAI that provides anatomic and digital pathology laboratory services, to accelerate the adoption of digital and AI pathology.
May 1, 2024
Variantyx raises $36M in funding
By
LabPulse.com staff writers
Precision molecular diagnostics firm Variantyx has raised $36 million in a recent funding round, bringing the total funding that Variantyx has raised to more than $125 million.
April 30, 2024
Vertex to pay $25M upfront to scale cell manufacturing technology
By
LabPulse.com staff writers
As part of the deal, Vertex was also willing to pay up to $215 million in milestones achieved in connection with the development of a scaled-up process for fully differentiated islet cells.
April 25, 2024
Labcorp buys Invitae portfolio for $239M
By
LabPulse.com staff writers
Labcorp was the winning bidder in the court-supervised auction of Invitae's assets, obtaining substantially all of the San Francisco-based company's business for $239 million in cash consideration with other noncash consideration.
April 26, 2024
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