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WaferGen Bio-systems Reports Q3 '13 Results and Commercial Focus on Target Enrichment for Next-Gen Sequencing (NGS)
Date:11/14/2013

r products, especially the SmartChip TE, which is used for target enrichment prior to Next-Generation Sequencing (NGS).  It is already being implemented by some top-tier early-access customers such as BGI, the world's largest genomics institution, and we have a number of ongoing pilot studies with clinical diagnostic labs and translational research centers," said Ivan Trifunovich, President and CEO of Wafergen. He added, "In addition to the current product offering that enables more accurate NGS-based clinical tests, we are working on a new product that would revolutionize the sample preparation prior to sequencing.  The streamlined workflow is designed to combine target enrichment and all subsequent library preparation steps into one step on SmartChip TE.  This will dramatically reduce time-to-result, hands-on-time and overall cost of diagnostic tests while improving quality and productivity. A working prototype designed for BRCA1/2 genes is being beta-tested with plans to commercially launch it in the first quarter of next year."

The Company is deploying the newly raised capital towards general corporate and working capital purposes, with the emphasis on commercialization activities intended to increase revenues from sales of SmartChip TE (Target Enrichment for Next-Generation Sequencing (NGS)) and SmartChip MyDesign (high-throughput quantitative PCR) products.  In particular, SmartChip TE addresses CLIA-certified and clinical research laboratories' significant unmet needs in sequencing-based testing by providing uniform coverage of targeted genes, yielding better test specificity and sensitivity.  The superior performance of this new product is based on WaferGen's proprietary technology that relies on massively parallel singleplex PCR reactions, where amplification is cleaner and better controlled, thereby providing more accurate diagnostic test results in the downstream sequencing step.  On the qPCR side, the SmartChip MyDesi
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SOURCE WaferGen Bio-systems, Inc.
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