Join our smart investors - Get the best stock directories in  blockchain, cannabis, crypto, AI, IoT, cleantech. Daily podcasts in cannabis and crpto. Just $99  a year

Biotech to Expand Precision Medicine Services via New Partnership

Source: Streetwise Reports

 

October 25, 2018 (Investorideas.com Newswire) A Maxim Group report discussed the potential implications of this new collaboration in the field of personalized medicine and oncology.


In an Oct. 8 research note, Maxim Group analyst Jason McCarthy reported Cancer Genetics Inc. (CGIX:NASDAQ), a personalized medicine company, agreed to partner with Cellaria LLC to enhance its own diagnostic products and services in oncology. Cellaria customizes in vitro cell models to reflect the biology of patients' specific tumors.

"We see this strategic collaboration as a positive," noted McCarthy. "The combination of Cellaria's in vitro platform and Cancer Genetics' pharmacology expertise to better understand patient genetic diversity at the disease level should be synergistic and drive the development of new precision oncology models."

More specifically, these models perhaps could enable "accelerated drug development and/or assessment of response to treatment," McCarthy highlighted.

This collaboration could allow Cancer Genetics to connect with more potential biopharma partners, which is significant, McCarthy wrote, because the company is poised to partner in drug development. It has experience with, and the capability for, testing in the discovery, preclinical and clinical stages along with patient monitoring.

Maxim Group has a Hold rating on the company but no price target. Its current share price is around $0.80. "Cancer Genetics continues to implement its restructuring strategy as it looks to return to growth," McCarthy explained.

Disclosure:

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Disclosures from Maxim Group, Cancer Genetics Inc., October 8, 2018

I, Jason McCarthy, Ph.D., attest that the views expressed in this research report accurately reflect my personal views about the subject security and issuer. Furthermore, no part of my compensation was, is, or will be directly or indirectly related to the specific recommendation or views expressed in this research report.

The research analyst(s) primarily responsible for the preparation of this research report have received compensation based upon various factors, including the firm's total revenues, a portion of which is generated by investment banking activities.

Maxim Group makes a market in Cancer Genetics, Inc.

Maxim Group received compensation for investment banking services from Cancer Genetics, Inc. in the past 12 months.

Maxim Group expects to receive or intends to seek compensation for investment banking services from Cancer Genetics, Inc. in the next 3 months.


BiotechIndustryStocks.com - A Leading Global Investor Website for Biotech Industry Stocks

BiotechIndustryStocks.com - investing ideas in biotechnology stocks, medical technology and life sciences

Like Biotech Stocks? View our Biotech Stocks Directory

Get News Alerts on Biotech Stocks


More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire https://www.investorideas.com/News-Upload/

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: https://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp