The investment bank said that Exagen is poised for growth with a differentiated autoimmune test that outperforms conventional biomarker-based tests.

The cash deal includes ambulatory outreach laboratory services in 13 states and includes patient service centers and in-office phlebotomy sites.

The test was developed in collaboration with Eli Lilly and can be used with other clinical information to rule out Alzheimer's disease as the cause of cognitive decline.

The firm posted before the market open on Tuesday results that beat expectations, and it raised its full-year revenue and earnings guidance.

The firm's life sciences revenues rose 1 percent, while diagnostics revenues were up 2 percent and biotechnology revenues jumped 8 percent.

Genetic Signatures also reported second quarter sales on par with the prior-year-quarter, reflecting higher respiratory testing in the Australian winter.

The CEO submitted claims with codes for services that were never performed and received payments from more than one source for the same test.

The partners intend to develop a point-of-care testing instrument that can be used to aid the diagnosis of cancers and other diseases.

Last week, readers were most interested in a story about Waters acquiring BD's biosciences and diagnostics solutions business.

Premier Medical owner and CEO Kevin Murdock paid kickbacks for cancer genetic testing referrals, defrauding Georgia, Colorado, and South Carolina Medicaid, DOJ said.

The company also offers platform-agnostic next-generation sequencing tests and a suite of sample prep and thermal cycling instruments.

The firm saw growth in its core laboratory segment but declines in molecular, point of care, and rapid diagnostics.