- CGI is one of the first laboratories in the nation to offer the 23 gene test
- CGI is working with both pharmaceutical partners and clinical cancer centers to drive usage and adoption
- Eliminates need for multiple tests to assess and monitor patients in clinical care
Dr. Shereen Gheith, Chief of Section of Molecular Pathology and Section of Hematopathology at Health Network Laboratories stated, "The Oncomine Dx Target Test is an important new capability for the global medical community and another significant step in the growth of CGI as an extremely qualified resource for the management of cancer patients nationwide. CGI's 21st century molecular technologies, speed, and world-class medical environment bring increased hope to cancer patients for improved outcomes.""We are very pleased to be able to add the Oncomine Dx Target Test to our comprehensive menu of cutting edge diagnostic services available to physicians, and to be one of the first 3 labs to provide rapid access to this test. NGS has revolutionized cancer research by providing a comprehensive method of detecting genomic alterations associated with somatic cancer. By becoming a companion test, the Oncomine Dx Target Test represents an important advance in precision medicine as a rapid and comprehensive tool guiding clinicians in treatment decision-making. CGI has an extensive heritage in biomarker and molecular profiling for lung cancer. The addition of this comprehensive new CDx to our test menu will aid in further streamlining of our operations to get results in a rapid timeframe so that the patients don't have to wait, in contrast to the sequential testing approach," said CGI President and CEO Panna Sharma. According to Thermo Fisher, this initial approval will enable the company to work quickly to expand the test's indications into new drug/biomarker combinations, including applications beyond lung cancer.  Julian R. Molina, et al. Non-Small Cell Lung Cancer: Epidemiology, Risk Factors, Treatment, and Survivorship. Mayo Clin Proc. 2008 May; 83(5): 584-594.  American Cancer Society, Cancer Facts and Figures 2017; page18. https://www.cancer.org/content/dam/cancer-org/research/cancer-facts-and-statistics/annual-cancer-facts-and-figures/2017/cancer-facts-and-figures-2017.pdf ABOUT CANCER GENETICS Cancer Genetics Inc. is a leader in enabling precision medicine in oncology from bench to bedside through the use of oncology biomarkers and molecular testing. CGI is developing a global footprint with locations in the US, India and China. We have established strong clinical research collaborations with major cancer centers such as Memorial Sloan Kettering, The Cleveland Clinic, Mayo Clinic, Keck School of Medicine at USC and the National Cancer Institute. The Company offers a comprehensive range of laboratory services that provide critical genomic and biomarker information. Its state-of-the-art reference labs are CLIA-certified and CAP-accredited in the US and have licensure from several states including New York State.
For more information, please visit or follow CGI at: Internet: www.cancergenetics.com Twitter: @Cancer_Genetics Facebook: www.facebook.com/CancerGeneticsForward-Looking Statements: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements pertaining to Cancer Genetics Inc.'s expectations regarding the completion, timing, pricing and size of the offering described in this press release constitute forward-looking statements. Any statements that are not historical fact (including, but not limited to, statements that contain words such as "will," "believes," "plans," "anticipates," "expects," "estimates") should also be considered to be forward-looking statements. Forward-looking statements involve risks and uncertainties, including, without limitation, risks inherent in the development and/or commercialization of potential products, risks of cancellation of customer contracts or discontinuance of trials, risks that anticipated benefits from acquisitions will not be realized, uncertainty in the results of clinical trials or regulatory approvals, need and ability to obtain future capital, maintenance of intellectual property rights and other risks discussed in the Cancer Genetics, Inc. Form 10-K for the year ended December 31, 2015 and the Form 10-Q for the Quarter ended March 31, 2016 along with other filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. Cancer Genetics, Inc. disclaims any obligation to update these forward-looking statements.
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