Benzinga | Dec 10, 2021 07:06AM EST

NeoGenomics Reports Will Leverage Thermo Fisher's Ion Torrent Genexus System In Upcoming Phase 1 Study For Myeloid Cancers

NeoGenomics, Inc. (NASDAQ:NEO), a leading provider of cancer-focused genetic testing services and global oncology contract research services, announced it will use Thermo Fisher Scientific's Ion Torrent Genexus System, the first turnkey next-generation sequencing (NGS) solution that automates the specimen-to-report workflow to deliver results in as little as a single day, in a pharma-sponsored Phase 1 study.

As part of the preclinical research investigation, NeoGenomics will receive early access to Thermo Fisher's new Oncomine Myeloid Assay GX v2 to validate the assay on the Genexus System. Thermo Fisher introduced the Oncomine Myeloid Assay GX v2 at the 63rd American Society of Hematologists (ASH) Annual Meeting & Exposition in Atlanta December 11-14. The assay is designed to optimize variant detection, covering key genes and fusions across the myeloid cancer spectrum.

Mark Mallon, CEO of NeoGenomics, said, "We have worked with Thermo Fisher Scientific in multiple genomic initiatives and are excited to leverage their Genexus System to deliver comprehensive genomic data with unprecedented speed. By compressing turnaround time for results from weeks to days we can ensure researchers have the data they need to accelerate progress as they look to develop critically needed myeloid cancer treatments in the future."

"Myeloid cancers such as acute myeloid leukemia present unique challenges due to their heterogeneity and sample complexity," said Garret Hampton, president of clinical sequencing and oncology, Thermo Fisher Scientific. "NGS allows researchers to profile all key mutations simultaneously, saving time compared to sequential single-gene testing. By combining the speed of the Genexus System with NeoGenomics' expertise and data services, we hope to advance discoveries that will inform future therapeutic development for patients who desperately need new treatment options."

NeoGenomics continues to be a leader with ultra-fast NGS options for oncology research and was an early adopter of the Genexus System. It is also one of the first oncology reference laboratories to offer the OncomineDx Target Test on their clinical diagnostic testing menu.