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Existence Genetics


FieldValue
nameExistence Genetics
typePrivate
foundation2005
founderBrandon Colby, MD
location_cityLos Angeles, California
location_countryU.S.
area_servedGlobal
key_peopleBrandon Colby, MD, MBA - CEO & Medical Director
industryHealthcare, Personal Genomics
servicesGenetic testing, analysis and reporting services of humans and animals
revenuenothing burger
operating_income- nada
homepage

Existence Genetics was a genetic analysis and genetic reporting company that was founded in 2005 and declared bankruptcy on November 21, 2012.

Company

The company was founded in 2005 by Brandon Colby MD,

It provided the healthcare industry and health & wellness organizations with access to information about their client's genes.

The company used the Nexus DNA Chip, which was developed in-house, manufactured by Illumina, and run in a CLIA-certified laboratory in the USA. The Nexus DNA Chip was purported to test for thousands of clinically significant SNPs, DIPs, and CNVs, and be able to assess a person's risk of over 700 common and rare diseases.

In October 2010 Existence sued Wilson Sonsini for fraud and breach of contract concerning the law firm's representation of Existence in patent prosecution and over fund-raising advice.

In October 2011, Existence announced an upgrade to their genetic testing and analysis capabilities that they claimed allowed them to test for over 1,200 diseases, conditions, traits, and medication reactions.

It declared bankruptcy on November 21, 2012.

References

References

  1. who also served as CEO, and was headquartered in Los Angeles, California.Staff, Bloomberg BusinessWeek. [https://archive.today/20130628210351/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=113739343 Company Overview of Existence Genetics, LLC] Accessed June 03, 2013
  2. Steve Parker. (8 October 2010). "Existence Genetics Ramps up for Widespread Test Service Launch, Eyes Whole-Genome Sequencing". GenomeWeb.
  3. Pete Brush for Law360, October 18, 2010. [http://www.law360.com/articles/202183/existence-genetics-hits-wilson-sonsini-with-fraud-suit Existence Genetics Hits Wilson Sonsini With Fraud Suit]
  4. "Existence Genetics l Rare Disease Screen l Comprehensive Rare Disease Genetic Testing & Analysis". Existence Genetics.
  5. Staff, business-bankruptcies.com. [http://business-bankruptcies.com/cases/existence-genetics-llc Existence Genetics, LLC bankruptcy information] Accessed June 3, 2013
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