By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    headphones can create health problems
    The Harmful Health Effects of Using Headphones
    September 24, 2021
    Headache causes
    4 Causes Of Headache You Probably Didn’t Know About
    December 28, 2021
    follow these steps to recover from your injury
    What Steps Should You Take to Recover More Quickly from an Injury?
    April 12, 2022
    Latest News
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
    The Wide-Ranging Benefits of Magnesium Supplements
    June 11, 2025
    The Best Home Remedies for Migraines
    June 5, 2025
    The Hidden Impact Of Stress On Your Body’s Alignment And Balance
    May 22, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Cash Transfers: Good for HIV/AIDS Too
    August 9, 2012
    unnecessary medical tests
    Eagerly Awaiting the Death of Defensive Medicine
    September 5, 2013
    Image
    Mobile Health Around the Globe – mHealth Fighting Malnutrition in India
    December 17, 2012
    Latest News
    Let Your Lawyer Handle the Work Before You Pay Medical Costs
    July 6, 2025
    Top HIPAA-Compliant Messaging Apps for Healthcare Teams
    June 25, 2025
    When Healthcare Ends, the Legal Process Begins: What Families Should Know About Probate and Medical Estates
    June 20, 2025
    Preventing Contamination In Healthcare Facilities Starts With Hygiene
    June 15, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Mayo Clinic-Cancer Genetics Joint Venture Will Improve Diagnostics
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Diagnostics > Mayo Clinic-Cancer Genetics Joint Venture Will Improve Diagnostics
DiagnosticsNewsSpecialties

Mayo Clinic-Cancer Genetics Joint Venture Will Improve Diagnostics

Deanna Pogorelc
Deanna Pogorelc
Share
2 Min Read
SHARE

oncology genetics

Originally published on MedCityNews.

oncology genetics

Originally published on MedCityNews.

More Read

LIVESTRONG Has Cancer
2011 LTC Costs Met Life
How Are Traumatic Brain Injuries Treated?
Can You Buy Life Insurance with a Pre-Existing Condition?
Cause and Effect – What Leads to a Misdiagnosis?

Now that next-generation DNA sequencing is fast enough, cheap enough and commercially available, the next challenging for innovators is finding ways to effectively apply it to everyday medicine outside of the research lab.

Mayo Clinic and personalized medicine firm Cancer Genetics Inc. (NASDAQ:CGIX) have formed a new company to do just that. OncoSpire Genomics, announced today, will discover and commercialize diagnostic products using next-generation DNA sequencing, starting in cancer.

OncoSpire will leverage clinical and research expertise from the Biomarker Discovery Program at Mayo’s Center for Individualized Medicine along with operating capital and commercial expertise from Cancer Genetics, a reference lab that offers products and services to enable development of cancer diagnostics and personalized treatments. Initially, it will focus on developing diagnostics for hematological and urogenital cancers.

The joint venture is another example of how hospitals, in search of fresh revenue streams, are increasingly turning to partners to commercialize the innovation they’re doing in-house. Mayo, in fact, has done this before in the form of mRemedy, a mobile health company created with DoApp Inc. to provide a patient engagement app.

Mayo also made a push to improve its approach to genome interpretation earlier this year when it initiated a strategic partnership with California diagnostics company Silicon Valley Biosystems.

The hospital and publicly traded Cancer Genetics will have equal ownership of the new Rochester-based venture, but other financial details were not disclosed.

Cancer Genetics CEO Panna Sharma said in a statement that the company wanted to work with Mayo because of its talented clinicians and thought leaders, who would help driving clinical value and adoption of products developed by OncoSpire. “We expect this will add value to our commercial offerings as next-generation sequencing becomes more widely accepted by the clinical community.”

[Photo from Flickr user andylepp]

 

TAGGED:cancergene sequencinggeneticsoncology
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

9 Lifestyle Tweaks That Can Add Years to Your Life
9 Healthcare Lifestyle Tweaks That can Add Years to Your Life
lifestyle
July 11, 2025
car accident lawsuit
Let Your Lawyer Handle the Work Before You Pay Medical Costs
Policy & Law
July 6, 2025
women dental care
What Is a Smile Makeover and How Much Does It Cost?
Dental health
June 30, 2025
HIPAA-Compliant Messaging Apps
Top HIPAA-Compliant Messaging Apps for Healthcare Teams
Global Healthcare Policy & Law Technology
June 25, 2025

You Might also Like

co-occurring disorders
Specialties

What To Know About The Prevalence Of Co-Occurring Disorders

October 9, 2020
Medical InnovationsNewsTechnology

Artificial Intelligence a “Low Priority” for Healthcare Organizations in 2018

December 14, 2017
doctors have to lower their medical school debts to reduce healthcare costs
News

Doctors Must Tackle Medical School Debt to Address Healthcare Costs

June 25, 2022
Big Pharma
BusinesseHealthNews

SAS and GSK Pull Big Pharma Into Big Data Collaboration

July 7, 2013
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?