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ILMN Illumina Inc

118.28
-5.71 (-4.61%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Illumina Inc NASDAQ:ILMN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.71 -4.61% 118.28 14.50 134.52 127.745 117.67 127.08 2,987,106 05:00:10

Illumina: Teva Pharmaceutical Exclusive Distributor of Verifi Test in Israel

01/07/2013 12:41pm

Dow Jones News


Illumina (NASDAQ:ILMN)
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   By Melodie Warner 
 

Illumina Inc. (ILMN) said Teva Pharmaceutical Industries Ltd. (TEVA) will be the exclusive distributor of the verifi prenatal test in Israel under a five-year agreement.

Financial terms weren't disclosed.

Illumina paid $350 million in February to buy Verinata Health Inc., which gave it access to Verinata's verifi prenatal test, the broadest non-invasive prenatal test currently available for high-risk pregnancies.

The company said the MOR Institute for Medical Data Ltd., through its relationship with Teva, will provide the verifi test to customers of Clalit Health Services who are at high risk of having a fetus with a chromosomal abnormality.

The MOR Institute will also establish a 9,000-patient clinical outcomes registry to collect performance data and will share the data with Verinata.

Illumina said the patient registry developed through this collaboration will be the largest and most extensive of its kind.

Illumina shares closed Friday at $74.84 and were inactive premarket. The stock is up 35% this year.

Write to Melodie Warner at melodie.warner@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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