GENETIC TECHNOLOGIES LTD(GENE)- NASDAQ
  • Sep. 22, 2014, 1:59 PM
    • Genetic Technologies (GENE +2.2%) sells its heritage Australian Genetics business to Primary Heath Care Ltd. subsidiary Specialist Services Ltd. for $2M in cash. The Australian Genetics operation provides diagnostic and sequencing services focused on Australia-only medical, forensic, paternity and animal genomic testing.
    • The transaction is part of the company's plan to divest non-core assets and focus its activities on the U.S. molecular diagnostics market and its lead breast cancer risk test BREVAGen.
    | Sep. 22, 2014, 1:59 PM
Company Description
Genetic Technologies Ltd. engages in the business of genetic testing services. The company performs a variety of genetic tests on humans and animals which includes human diagnostics, forensics and animal pedigree tests. It operates through the following segments: Operations, Licensing and... More
Sector: Healthcare
Industry: Biotechnology
Country: Australia