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Genetic Tech to team up with Project Shivom to create large genetic database

Mar. 06, 2018 6:54 AM ETGenetic Technologies Limited (GENE) StockBy: Douglas W. House, SA News Editor
  • Genetic Technologies (NASDAQ:GENE) inks a non-binding term sheet with Project Shivom operator Omix Ventures Private Limited aimed at including GENE in creating the world's largest genetic database.
  • GENE says it will be part of global network of laboratories that will potentially provide a new data monitoring and real-time risk assessment service, including the opportunity of to offer genetic counseling.
  • Project Shivom is currently building a precision medicine ecosystem where people can get their genome sequenced and stored.
  • Financial details are not provided.

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