BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Silicon Valley Biosystems' Computational Diagnostics Laboratory Receives CLIA Certification


6/13/2013 9:45:42 AM

Staying up-to-date has never been simpler. Sign up for the free GenePool newsletter today!

FOSTER CITY, Calif., June 13, 2013 /PRNewswire/ -- Silicon Valley Biosystems (SV Bio) today announced that it has received Clinical Laboratory Improvement Amendment (CLIA) certification from the California Department of Public Health for its in silico diagnostics laboratory. Obtaining CLIA certification demonstrates that SV Bio's computational laboratory, which performs next-generation sequencing (NGS)-based diagnostics on patient samples, is consistently performing the analysis and interpretation of NGS sequencing data at an exceptionally high standard in a regulated clinical environment.

SV Bio's GermlineDx NGS interpretation platform, operating in its CLIA laboratory, enables customers to interpret NGS assays quickly, efficiently, and cost effectively. The GermlineDx platform provides a turnkey solution for clinical grade analysis and interpretation of single gene, multi-gene, whole exome, or whole genome assays for germline indications such as Mendelian disease diagnosis, carrier testing, hereditary cancer risk assessment and pharmacogenomic applications. 

In combination with CLIA certification, SV Bio's GermlineDx platform provides a new paradigm in clinical NGS diagnostics in that the diagnostic testing is done at the software layer on a pre-generated holistic sequence from a patient. SV Bio also has a CLIA-certified ultra-high throughput NGS wet laboratory for those customers who desire a complete solution, which includes generating the genetic sequence.

"We have unlocked the value of the new sequencing technology so that it may confidently be used for human diagnostic testing and are thrilled to be first to bring to market a new type of diagnostic company and testing capability," said Dietrich Stephan, Ph.D., Founder and CEO, SV Bio. "With CLIA certification, our clients can be confident that they are receiving the highest quality diagnostic interpretation services when transitioning to NGS."

Genetic diagnostics are routinely used to guide clinical decision-making in many clinical scenarios, and the number of available genetic tests continues to increase. The dramatic rise in adoption of NGS technologies to replace "last generation" Sanger sequencing in diagnostics is being fueled by the significant cost-savings that the new technologies provide, and new health care reimbursement schemas mandate.

"In light of the importance and magnitude of decisions made downstream of DNA testing, there must be zero tolerance by the community for decreases in test performance simply to take advantage of the cost savings that these new technologies allow," said Timothy Triche, M.D., Ph.D., SV Bio Board Member and CLIA Laboratory Director.

"The latest NGS sequencers are not 'clinical grade' out of the box," said Sivan Bercovici, Ph.D., Chief Technology Officer of SV Bio. "The billions of short sequence reads that are generated by NGS machines must be rigorously analyzed with complex algorithms so that the data are of the same quality as the current gold standard. If this does not happen, NGS-based diagnostics will suffer a severe disadvantage in accuracy meaning physicians and their patients could make critical decisions based on faulty data. SV Bio solves this problem."

The SV Bio technology platform allows clients who are transitioning to NGS to have a turnkey analysis and reporting solution, with clinical grade sensitivity and specificity, and unlocks the value of these new technologies for the entire marketplace. CLIA certification reflects and continually ensures the high quality and reproducibility of SV Bio's diagnostic test results. A somatic mutation analysis platform, SomaticDx, is expected to be released in Q4 of 2013. This new platform allows cancer tumor mutations in patients to be identified and personalized cancer therapies to be selected in a turnkey fashion.

About SV Bio's GermlineDxInterpretation Platform

SV Bio's GermlineDx platform enables partner CLIA laboratories and physicians to unlock the value of next-generation sequencing technology by removing the last remaining barrier to widespread adoption: clinical-grade analysis and interpretation of next-generation sequencing technology. Raw NGS data is transferred to SV Bio, whereby optimized and continually benchmarked alignment, variant calling, annotation and proprietary variant classification technologies are applied. The GermlineDx platform ultimately returns an interpretation, evidence base, and a diagnostic report to the partner laboratory for delivery to the ordering physician. The platform is priced on a per-test schedule so as to fit within current and evolving reimbursement frameworks and is a new addition to the diagnostic value chain enabling the entire marketplace to unlock the value of new DNA sequencing technologies.

About Silicon Valley Biosystems

SV Bio is a diagnostics company, founded to provide rapid, accurate, turnkey clinical interpretation of comprehensive genomics data at point of care to improve the health and outcomes of patients. The Company was founded by Dietrich A. Stephan, Ph.D., who has dedicated his career to the development of genomics-based precision medicine and has gathered a multi-disciplinary team of experts in genomics, statistics, bioinformatics, and machine learning. SV Bio is backed by Sequoia Capital, a premier venture capital firm that helped to build Apple, Google, LinkedIn, Oracle and numerous other technology-based firms. Mayo Medical Laboratories and Mayo's Department of Laboratory Medicine and Pathology is implementing the SVBio analytics to power NGS-based tests they will launch through their distribution network based on the demonstrated quality of its service. SV Bio's Board of Directors includes Dietrich Stephan, Ph.D., who is the Founder and CEO; Timothy Triche, M.D., Ph.D., of the Center for Personalized Medicine, Children's Hospital Los Angeles; Warren Hogarth, Ph.D., M.B.A., a partner at Sequoia Capital; Todd Cozzens, M.B.A., formerly of Picis, who serves as SV Bio's Chairman; and Jeremy Friese, M.D., M.B.A., who leads business development for Mayo Clinic's Center for Individualized and practices medicine at Mayo Clinic. For more information, please visit www.svbio.com, or email at connect@svbio.com.

Media contact: Lynn Blenkhorn
Feinstein Kean Healthcare
Ph: 508-851-0930
Email: Lynn.blenkhorn@fkhealth.com

SOURCE SV Bio



Help employers find you! Check out all the jobs and post your resume.


Read at BioSpace.com

 
 

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES