10 Jan 2017 07:15
Hardman Research: Yourgene improves growth prospects
Yourgene acquisition - Improves growth prospects and lowers risk: Premaitha uses the latest advances in DNA sequencing technology for non-invasive prenatal screening tests. IONA uses complex statistical analyses to determine the likelihood that a fetus is carrying a disorder such as Down's syndrome or other prenatal genetic abnormalities. The opportunity to grow IONA in Asian markets was well recognised, but the acquisition of Yourgene Bioscience will accelerate this process and, in particular, act as a springboard into China and India. Financial difficulties at its major customer in Europe is a frustration, but this will be offset by reshaping its distribution footprint via an established lab group in fiscal 2018.
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