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Share Name | Share Symbol | Market | Type |
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Invitae Corporation | NYSE:NVTA | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.0891 | 0 | 01:00:00 |
SAN FRANCISCO, April 20, 2017 /PRNewswire/ -- Invitae Corporation (NYSE: NVTA), one of the fastest growing genetic information companies, today announced the addition of 80 new panels alongside updates to an additional 24 panels for the diagnosis of inherited immunologic and metabolic disorders, including panels designed to confirm diagnoses suggested by newborn screening. The new and updated tests further expand the company's robust menu of high-quality, affordable diagnostic genetic tests available for use by clinicians.
Many inherited metabolic disorders, such as lysosomal storage disorders, are caused by genetic changes impacting the production and regulation of enzymes that help the body function properly. Additionally, genetic changes impacting the immune system are responsible for conditions such as primary immunodeficiency (PID). Comprehensive and accurate genetic testing can help diagnose these conditions definitively and determine which gene is involved, thereby enabling patients and clinicians to make informed treatment decisions.
"When we see children and newborns in whom we suspect a genetic condition based on clinical, immunological, or biochemical evidence, including newborn screening tests, we need fast, accurate testing to avoid a protracted diagnosis process," said Olaf Bodamer, MD, PhD, Associate Chief of Genetics and Genomics at Boston Children's Hospital. "Well-curated panels are a cost-effective way to obtain actionable genetic information quickly for patients, enabling informed decision-making on a management plan when early intervention may make all the difference."
Invitae offers flexible testing options for clinicians, who may choose one or more curated panels designed using up-to-date knowledge on the genetic changes associated with a wide array of disorders, or design their own customized tests based on a patient's unique situation. Regardless of how the clinician chooses to proceed, panel tests are offered at the same price, with results available in 10-21 calendar days (14 days on average), and with clinical consult and genetic counseling services available.
"Genetic disorders affecting metabolism or the immune system are very serious, often progressive, and typically begin within the first few months of life. As treatment breakthroughs continue to advance for these conditions, including enzyme replacement therapy and gene therapy, the importance of using genetic information to make an accurate, early diagnosis that can guide clinical decision-making also grows," said Robert Nussbaum, MD, chief medical officer of Invitae. "With this expansion, we are providing a comprehensive array of carefully designed testing options for clinicians, further enabling the use of genetic testing to guide diagnosis and medical care."
Among the new panels now available:
Importantly, Invitae includes deletion/duplication analysis with all testing at no extra charge, which enables identification of the roughly 5-10% of pathogenic variants that have been traditionally considered hard to identify via next-generation sequencing.
More information about the new panels, as well as Invitae's full test menu, is available at the company's website www.invitae.com.
About Invitae
Invitae Corporation's (NYSE: NVTA) mission is to bring comprehensive genetic information into mainstream medical practice to improve the quality of healthcare for billions of people. Invitae's goal is to aggregate most of the world's genetic tests into a single service with higher quality, faster turnaround time, and lower price than many single-gene and panel tests today. The company currently provides a diagnostic service comprising hundreds of genes for a variety of genetic disorders associated with oncology, cardiology, neurology, pediatrics, and other rare disease areas. Additionally, the company has created a Genome Network to connect patients, clinicians, advocacy organizations, researchers, and therapeutic developers to accelerate the understanding, diagnosis, and treatment of hereditary disease. For more information, visit our website at invitae.com.
Safe Harbor Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that genetic testing can help diagnose conditions definitively and enable patients and clinicians to make informed treatment decisions; that well-curated panels are a cost-effective way to obtain actionable genetic information quickly and enable informed decision-marking on a management plan; and that the company's new panel enables early diagnosis critical to clinical intervention. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, and reported results should not be considered as an indication of future performance. These risks and uncertainties include, but are not limited to: risks associated with the company's ability to develop and commercialize new tests and expand into new markets; the company's ability to use rapidly changing genetic data to interpret test results accurately and consistently; the company's ability to develop tests to keep pace with rapidly changing technology and new and increasing amounts of scientific data; the company's history of losses; laws and regulations applicable to the company's business; and the other risks set forth in the company's filings with the Securities and Exchange Commission, including the risks set forth in the company's Annual Report on Form 10-K for the year ended December 31, 2016. These forward-looking statements speak only as of the date hereof, and Invitae Corporation disclaims any obligation to update these forward-looking statements.
NOTE: Invitae and the Invitae logo are trademarks of Invitae Corporation. All other trademarks and service marks are the property of their respective owners.
Contact:
Laura D'Angelo
pr@invitae.com
314-920-0617
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/invitae-announces-expansion-of-its-genetic-test-menu-with-addition-of-new-tests-and-expanded-panels-for-inherited-metabolic-and-immune-system-disorders-including-panels-to-confirm-diagnoses-suggested-by-newborn-screening-300441350.html
SOURCE Invitae Corporation
Copyright 2017 PR Newswire
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