BioCentury
ARTICLE | Financial News

WuXi NextCODE invests $15M in DNAnexus

April 24, 2015 1:50 AM UTC

The WuXi NextCODE Genomics subsidiary of WuXi PharmaTech Inc. (NYSE:WX) partnered with DNAnexus Inc. (Mountain View, Calif.) and invested $15 million in the genome informatics company. The companies intend to create new products using WuXi NextCODE's genome analytics and DNAnexus' cloud-based technology platform.

WuXi NextCODE COO Hannes Smarason told BioCentury the company intends to launch a WuXi-branded cloud server in China for sequencing data, built on DNAnexus' platform. ...