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GATC Subsidiary Lifecodexx AG Develops Tests for Prenatal Diagnostics
Financing supported by public funding / former General Manager of Cogenics appointed as CEO
LifeCodexx AG aims to successfully establish "Next Generation Molecular Diagnostics" in Europe. This will provide improved diagnostics for targeted, costefficient 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 knowhow 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.
"LifeCodexx AG has a revolutionary concept - to carry out human genetic diagnostic tests based on state of the art sequencing technologies. This will drastically improve cost efficiency in diagnostics. LifeCodexx AG will be a trailblazer here," enthuses Peter Pohl, CEO of GATC Biotech and Chairman of the Board of LifeCodexx AG.
"Our test pipeline in prenatal diagnostics shows encouraging results which we will present in the coming months. I am delighted to be able to apply my experience to these innovative projects," emphasizes Dr. Michael Lutz, new CEO of LifeCodexx AG.
About LifeCodexx - www.lifecodexx.com
LifeCodexx AG, a subsidiary of GATC Biotech AG, is an innovative biotech company that focuses on the development of molecular diagnostics based on Next Generation Sequencing technologies. The aim is to establish Next Generation Molecular Diagnostics throughout Europe. LifeCodexx currently develops tests for prenatal diagnostics. The company utilizes the parent company's 20 years of sequencing experience as well as its laboratories, which is the European leader with a total capacity of more than 2 terabases per year. GATC Biotech holds a majority stake in LifeCodexx AG.
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