GATC Subsidiary Lifecodexx AG Develops Tests for Prenatal Diagnostics

Former General Manager of Cogenics appointed as CEO

30-Apr-2010 - Germany

LifeCodexx AG has started operational research and development work on clinically validated diagnostic tests by using Next Generation Sequencing technologies. The work currently focuses on the field of prenatal diagnostics. LifeCodexx will utilize GATC Biotech’s 20 years of experience as well as its sequencing laboratory.

LifeCodexx AG aims to successfully establish “Next Generation Molecular Diagnostics” in Europe. This will provide improved diagnostics for targeted, cost-efficient treatments. LifeCodexx AG is owned by GATC Biotech AG, which has a majority holding in the company, and other private investors. The test development currently being undertaken also receives public funding, including up to EUR 300,000 from the ZIMSolo and KMU Innovativ funding programs.

LifeCodexx AG has been able to convince a CEO with know-how in this field to join the company - Dr Michael Lutz, former Global General Manager of Cogenics and CEO of Epidauros AG. Dr Lutz has many years of experience in developing and managing innovative biotech companies.

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