Visitors Now:
Total Visits:
Total Stories:
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Horizon Discovery’s CareDx partnership validates model

Wednesday, November 9, 2016 8:41
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Horizon Discovery Group PLC (LON:HZD) says its continued collaboration with CareDx Inc validates its model.
Horizon makes cell lines, which can be used to stand in for real patient samples, and firms which are developing assays and research tools, can utilise them.
The latest agreement is to supply what it calls “cell-free DNA-based molecular reference standards” to CareDx as part of the latter’s research into transplanted organ rejection.
It’s an important area as often patients own samples are not available or consistent enough for reliable usage, explains Chris Claxton, the firm’s vice president for IR and corporate relations.
It provides an initial revenue stream to start with and the potential that groups like CareDX will continue to use them as a partner longer trem.
“We are looking to do many CareDxs, said Claxton. “We’re looking to layer on many, many revenue streams, not just from a single organisation.”
The firm is aiming to  be EBITDA (underlying earnings) positive in 2017.

Story by ProactiveInvestors

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.