Navigation Links
Genomics Firm Nabsys Completes Financial Restructuring and Reinstates Technical Leadership Team
Date:3/31/2016

PROVIDENCE, R.I., March 31, 2016 /PRNewswire/ -- Genomics firm Nabsys has completed a financial  restructuring under the leadership of founding CEO, Barrett Bready, M.D., who returned to the company in October 2015. In addition, members of the original technical leadership team, including Chief Technology Officer, John Oliver, Ph.D., Executive Vice President of Product Development, Steve Nurnberg and Vice President of Software and Informatics, Michael Kaiser have returned to the company.

Dr. Bready served as CEO of Nabsys from 2005-2014 and raised $50 million to develop the company's high definition electronic DNA mapping platform. In early 2015, under different leadership, the company pivoted to a different and ultimately unsuccessful technical approach. Dr. Bready returned to Nabsys in October 2015, recruited back the technical leadership team and has re-focused the company on its core technology.

Nabsys has developed semiconductor-based nanodetectors to analyze very long DNA molecules electronically, at high velocity and with much greater resolution than offered by optical approaches. This technology allows researchers, and will ultimately allow clinicians, to draw conclusions about DNA that would be difficult or impossible with other technologies. 

"I'm grateful that all members of our technical leadership team have returned to Nabsys in recent months," said Bready. "The fact that we were able to get the team organized so quickly meant that very little time was lost during this transition period. The past six months have been the most productive in the company's history."

John Oliver, Ph.D., added, "The Nabsys platform is incredibly powerful when applied to the right challenges and has an unprecedented ability to scale. We are excited to once again be exploring the potential of this technology as a team and anticipate sharing our progress in the near future."

About Nabsys
Nabsys develops semiconductor-based tools for genomic analysis. The company has pioneered the technology of electronic mapping which is capable of analyzing entire genomes, in very large fragments (100,000 bp and higher) traveling at high velocity (greater than 1 million base pairs per second). Nabsys was the first company to receive a "1000 Genome" award from the National Human Genome Research Institute of the National Institutes of Health for an electronic approach to DNA analysis.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/genomics-firm-nabsys-completes-financial-restructuring-and-reinstates-technical-leadership-team-300243783.html


'/>"/>
SOURCE Nabsys
Copyright©2016 PR Newswire.
All rights reserved


Related biology news :

1. Newborn Screening Ontario Inks Deal with Tute Genomics, UNIConnect Team to Deliver Informatics Infrastructure for NGS Testing
2. Rubicon Genomics Announces Eurofins Scientific Will Distribute Its Suite of DNA Library Preparation Kits in U.S.
3. Den 10. internationale konference om Genomics (ICG-10) åbner i oktober
4. La 10e International Conference on Genomics (ICG-10) doit souvrir en octobre
5. La 10th International Conference on Genomics (ICG-10) se llevará a cabo en octubre
6. The 10th International Conference on Genomics (ICG-10) to Open in October
7. American College of Medical Genetics and Genomics Announces New Board Members: Dr. Louanne Hudgins is ACMG President-Elect
8. ACT Genomics Raises $8 Million in its First Private Funding Round
9. Tute Genomics Raises $2.3 Million to Scale Up Cloud-Based Genome Analytics and Accelerate Personalized Medicine
10. The Genome Institute at Washington University Receives Irys System from BioNano Genomics to Advance Research for Genome Reference Consortium
11. Genomics Market by Products - [Instruments (NGS platform, Microarray, RT-PCR), Consumables (Genechips, Reagents for DNA Extraction & Purification, Sequencing)], Services (Sequencing & Microarray Services, and Software) - Global Forecast to 2018
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/15/2018)... (PRWEB) , ... November 14, 2018 , ... ... health, and quality management solutions, announced today that Prime Healthcare, a leading operator ... BPCI Advanced program requirements. , Persivia’s Bundled Payment solution consists of the ...
(Date:11/14/2018)... ... November 14, 2018 , ... In recognition of World ... raise diabetes awareness and advocacy. The company is reaching out to help educate patients ... as emphasize the importance of vision testing for people with the disease. , The ...
(Date:11/13/2018)... ... 2018 , ... Drs. Richard Amato and Michael Kang raise ... discomfort and less recovery time. Serving patients in an around Monroe and Waterbury, ... breath, this team is reaching out to the over 64 million Americans who ...
Breaking Biology News(10 mins):
(Date:11/13/2018)... , ... November 13, 2018 , ... ... Aqua® Research Water Life Science® in Grants Pass, Oregon believes in the power ... Bio-Logic Aqua® Research Water Life Science® sponsors the Power of Water® on talk ...
(Date:11/9/2018)... ... November 08, 2018 , ... IC ... a machine-learning powered approach to increasing recovery rates by creating a comprehensive contact ... Collections (AIC) product developed by NLP Logix, a Jacksonville, Florida-based AI solutions company, ...
(Date:11/7/2018)... ... 07, 2018 , ... Diversified Technologies, Inc. (DTI) has installed a ... for Algae Technology and Innovation at ASU. Funded by a USDA NIFA SBIR, the ... with algal and predator control applications. , Algae ponds get up to 50% consumed ...
(Date:11/5/2018)... ... November 05, 2018 , ... USARAD Holdings Inc., the ... and several healthcare VC firms announces at Distributed Health 2018 conference November 5-6 ... purchasing tokens and obtaining its first radiology interpretations, one of the first known ...
Breaking Biology Technology: