Cancer Genetics Enters Supply Agreement with Agilent Technologies

Published on: Wednesday, September 26th, 2018 View all Media

Probes for CGI’s FISH-based HPV-Associated Cancer Test (FHACT®) test to be manufactured by Agilent

RUTHERFORD, N.J., Sept. 25, 2018 (GLOBE NEWSWIRE) — Cancer Genetics, Inc. (Nasdaq: CGIX), a leader in enabling precision medicine for immuno-oncology and genomics through molecular markers and diagnostics, today announced that it has signed a non-exclusive supply agreement with Agilent Technologies Inc. through which Agilent will manufacture Cancer Genetics’ proprietary FISH probe reagents.

Under the terms of the agreement, Agilent will manufacture and supply Cancer Genetics with the custom probe for use in the Company’s FISH-based HPV-Associated Cancer Test (FHACT®). Additionally, Cancer Genetics’ plans to outlicense the probes through domestic and international distribution channels, with such licensors having the ability to purchase probes manufactured by Agilent.

John A. Roberts, Chief Executive Officer of Cancer Genetics, commented, “We are pleased to finalize our agreement with Agilent, who has established itself as a leader in delivering solutions for scientific research, especially in manufacturing of FISH probes. This agreement marks an important milestone for Cancer Genetics and the company’s FHACT® test as it allows for expansion of our international business opportunities by outlicensing our probes, which is an integral part of the company’s new strategy for revenue generation and path to profitability.”

Cancer Genetics’ FHACT® is the only four color FISH probe available for cervical cancer testing. When used as an additional triage before colposcopy, FHACT® can help identify women with low-grade or undetermined lesions (ASCUS/LSIL) who are likely to progress to more advanced cervical disease. FHACT® can help reduce healthcare costs, relieve patient anxiety, and prevent complications associated with over treatment by reducing the number of unnecessary colposcopies performed.


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, Australia 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/CancerGenetics

 

Forward-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, 2017 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.