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New Partnership Using Blockchain to Improve Cancer Detection

Stockhouse Editorial
0 Comments| March 6, 2018

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A blockchain genomics pioneer has joined forces with a Nasdaq-Listed molecular diagnostics company to accelerate cancer detection through a “critical mass” of genomics data.

Blockchain-powered database platform Shivom announced Tuesday that it has entered into a partnership with molecular diagnostics company Genetic Technologies Ltd. (NASDAQ: GENE) to accelerate the prediction of cancer in millions of patients worldwide.

Genetic Technologies’ lead product is BREVAGenplus, a risk assessment test for non-hereditary breast cancer. Though assembling the data to develop the tests has taken nearly a decade, rhrough Shivom, it is expected the timelines will be massively reduced. Shivom has created a secure global genomic ecosystem that aims to become the largest healthcare data-hub on the planet.

Co-founder & CEO of Shivom Axel Schumacher stated in a news release - "By bringing together the millions of individuals' genomic profiles that Shivom enables, with [Genetic Technologies’] market leading tests, we will create critical mass that accelerates transformative disease prevention and personalized healthcare."


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