SAN FRANCISCO, April 9, 2013 (GLOBE NEWSWIRE) -- CollabRx, Inc. (Nasdaq:CLRX), today announced a partnership with Sengenics, a leading genetic diagnostics company, to provide turn-key diagnostic decision making solutions for Asian and global markets. Sengenics plans to incorporate CollabRx's interpretive content resources into its molecular cancer diagnostics tests and reports.
"Sengenics has become a widely recognized pioneer in this field, as it was the first company outside the US to offer genomics-based research and diagnostic services," said CollabRx Chairman, President and Chief Executive Officer Thomas Mika. "We look forward to partnering with Sengenics on a powerful joint offering in clinical cancer sequencing."
Sengenics plans to offer cancer exome sequencing tests combined with CollabRx interpretive analytics to create a comprehensive medical informatics solution. The solution is being designed to seamlessly pair tests results with clinically actionable and dynamically updated knowledge on the clinical impact of specific tumor genetic profiles and associated therapeutic strategies such as drugs and clinical trials. CollabRx will provide the content in a SaaS-based business model."We are excited about partnering with CollabRx and developing such an important turn-key solution for clinical cancer sequencing," said Dr. Anwar, Executive Director of Sengenics. "Our joint solution's ability to provide insights from CollabRx's clinical practitioner network represents critical and timely value to physicians when they are interpreting test results." The partnership leverages CollabRx's semantic integration platform, a scalable, proprietary technology that enables CollabRx scientists and physicians to dynamically update the company's molecular oncology knowledge base with the latest medical and scientific data available in the public domain. The partnership, leveraging on Sengenics' status as a prominent commercial entity in the genomics and diagnostics space, extends CollabRx's business to three continents: North America, Europe and Asia. "CollabRx has established an industry standard for interpretive reporting in cancer diagnostics which this agreement helps to expand globally," said Mr. Mika. "We also look forward to working with Sengenics to expand our interpretive content to genomic disease areas outside of cancer."
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV