Rochester, NY 7/15/2009 2:51:00 AM
SQNM - Sequenom shares up on HPV screening study results
Sequenom Inc., SQNM
Sequenom Inc., SQNM
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Sequenom shares rose 11 percent Tuesday, a day after the company said a study showed that its genetic analysis platform detected sexually transmitted human papillomavirus (HPV) in nearly half of women who tested negative by the standard-of-care test. "This proof of concept study is encouraging, and suggests another potential large commercial opportunity for Sequenom's MassARRAY platform," Rodman & Renshaw analyst Elemer Piros, wrote in a research note on Monday. The results from the study were published by the University of Michigan, Sequenom said in a statement.
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