Alfigen, Inc. Continues National Expansion with Acquisition of East Coast Laboratory.Business Editors/Health/Medical Writers PASADENA, Calif.--(BUSINESS WIRE)--July 18, 2003 Alfigen, Inc., a privately held genetic and esoteric testing company, announced today that it has purchased the assets of Laboratory Diagnostics, a regional full service cytogenetics cytogenetics /cy·to·ge·net·ics/ (-je-net´iks) the branch of genetics devoted to cellular constituents concerned in heredity, i.e. chromosomes. laboratory, located in Norwalk, Connecticut. The terms of the acquisition were not disclosed. The acquisition is expected to significantly enhance Alfigen's East Coast customer service capabilities by offering a wide range of benefits, including faster turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. , greater convenience through the expansion of the company's network of laboratories, and improved access to Alfigen's sophisticated genetic testing Genetic Testing Definition A genetic test examines the genetic information contained inside a person's cells, called DNA, to determine if that person has or will develop a certain disease or could pass a disease to his or her offspring. and professional genetic counseling Genetic Counseling Definition Genetic counseling aims to facilitate the exchange of information regarding a person's genetic legacy. It attempts to: Purpose services. "Alfigen has always served the national medical community from its main laboratory headquartered in Southern California. We are very excited about this acquisition. This is a major step in the expansion of Alfigen's business into the Northeast. It is expected that this acquisition will enhance our revenue and earnings growth and allow us to better service our existing and new clients in the region," said Ahmed Alfi, Chairman of the company. Alfigen, Inc. was established as the first private full-service cytogenetics laboratory in the country and is currently one of the largest independent genetics service providers serving hospitals, physicians and laboratories, nationally and internationally. Alfigen's large network of genetic counselors provides support and education to patients and physicians. The laboratory offers a broad range of highly complex genetic tests, including cytogenetics (prenatal, postnatal postnatal /post·na·tal/ (-na´t'l) occurring after birth, with reference to the newborn. post·na·tal adj. Of or occurring after birth, especially in the period immediately after birth. and cancer) fluorescence in situ hybridization Fluorescence in situ hybridization (FISH) A technique for diagnosing DiGeorge syndrome before birth by analyzing cells obtained by amniocentesis with DNA probes. FISH is about 95% accurate. (FISH), molecular diagnostics, clinical chemistry and flow cytometry flow cytometry (flōˑ sī·t  ˑ·m . The company's mission -- to provide the highest quality and standards in clinical genetic services with efficient turnaround time, cost-effective pricing and personalized service -- is reflected in all aspects of the company's work. Alfigen's success is based on its commitment to quality. More information about Alfigen, Inc. can be viewed at the company's website at www.alfigen.com. |
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