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Existence Genetics was a genetic analysis and genetic reporting company that was founded in 2005 and declared bankruptcy on November 21, 2012.
| Company type | Private |
|---|---|
| Industry | Healthcare, Personal Genomics |
| Founded | 2005 |
| Founder | Brandon Colby, MD |
| Headquarters | , |
Area served | Global |
Key people | Brandon Colby, MD, MBA - CEO & Medical Director |
| Services | Genetic testing, analysis and reporting services of humans and animals |
| Revenue | nothing burger |
| - nada | |
| Website | www |
Company edit
The company was founded in 2005 by Brandon Colby MD,[1] who also served as CEO, and was headquartered in Los Angeles, California.[2]
It provided the healthcare industry and health & wellness organizations with access to information about their client's genes.[2]
The company used the Nexus DNA Chip, which was developed in-house, manufactured by Illumina, and run in a CLIA-certified laboratory in the USA.[citation needed] The Nexus DNA Chip was purported to test for thousands of clinically significant SNPs, DIPs, and CNVs, and be able to assess a person's risk of over 700 common and rare diseases.[3]
In October 2010 Existence sued Wilson Sonsini for fraud and breach of contract concerning the law firm's representation of Existence in patent prosecution and over fund-raising advice.[1]
In October 2011, Existence announced an upgrade to their genetic testing and analysis capabilities that they claimed allowed them to test for over 1,200 diseases, conditions, traits, and medication reactions.[4]
It declared bankruptcy on November 21, 2012.[5]
References edit
- ^ a b Pete Brush for Law360, October 18, 2010. Existence Genetics Hits Wilson Sonsini With Fraud Suit
- ^ a b Staff, Bloomberg BusinessWeek. Company Overview of Existence Genetics, LLC Accessed June 03, 2013
- ^ Steve Parker (8 October 2010). "Existence Genetics Ramps up for Widespread Test Service Launch, Eyes Whole-Genome Sequencing". GenomeWeb. Retrieved 2011-06-01.
- ^ "Existence Genetics l Rare Disease Screen l Comprehensive Rare Disease Genetic Testing & Analysis". Existence Genetics. Retrieved 27 December 2011.
- ^ Staff, business-bankruptcies.com. Existence Genetics, LLC bankruptcy information Accessed June 3, 2013