HTG Molecular Diagnostics inks master services agreement with Daiichi Sankyo; shares ahead 24% premarket [Seeking Alpha]
HTG Molecular Diagnostics, Inc. (HTGM)
Last htg molecular diagnostics, inc. earnings: 11/12 04:01 pm
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htgmolecular.com
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Source: Seeking Alpha
HTG Molecular Diagnostics (NASDAQ: HTGM ) announces that it has entered into a master services agreement with Daiichi Sankyo Company relating to HTG’s VERI/O laboratory. The initial project includes the development of a custom assay for the detection of nearly 3,000 mRNA targets using the HTG EdgeSeq technology. The custom assay will be used to generate data from formalin-fixed, paraffin-embedded (FFPE) samples and it will be used to identify a tumor profiling assay for future studies under the agreement. Daiichi Sankyo also has engaged HTG to process several hundred FFPE samples using the HTG EdgeSeq ALKPlus Assay EU in a research use only mode for exploratory research on new, potential therapeutic biomarkers. Shares are up premarket on modest volume. Now read: OncoMed's tarextumab flunks mid-stage lung cancer study; shares plummet 26% premarket »
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