Vela Diagnostics, a genetic sequencing company owned by Green Leaf Group, recently announced the acquisition of data analysis business of Lifecode Inc, a cancer molecular diagnostics company based in Foster City, California.
The acquisition by Vela Diagnostics enables it to use Lifecode's data integration network, data analysis and results reporting for a portfolio of products. This not only marks Vela Diagnostics' first entry into the genomics analysis market, but also complements its existing polymerase chain reaction PCR and next-generation sequencing NGS workflows.
Vela Diagnostics CEO Michael Tillman stated: "This acquisition strengthens Vela Diagnostics' leadership in genomics analysis and reporting. Lifecode's data analysis products and services will be complemented by Vela Diagnostics' Sentosa? SQ next-generation gene sequencing reporting system software Connected, based on the latest technology, provides information on approved drugs, clinical trials and literature, somatic mutations, and oncology drugs and targets."
Lifecode's data analytics business will be fully integrated into Vela Genomics, a provider of genomics services from the Vela Diagnostics Group. Once the integration is complete, consumers will be able to send their Variation Identification File (VCF) and get the latest information on approved drugs and clinical trials. The software also tracks medical history to easily identify changes in past reports.
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