ProPhase Labs Ushers in New Genomics Era with Jason Karkus at the Helm of Nebula Genomics

Garden City, NY, Jan. 30, 2024 (GLOBE NEWSWIRE) -- ProPhase Labs, Inc. (NASDAQ: PRPH) (“ProPhase” or the “Company”), a next generation biotech, genomics, therapeutics and diagnostics company, today reported that Jason Karkus, one of the driving forces behind ProPhase Diagnostics, becomes President of Nebula Genomics, a wholly-owned subsidiary of ProPhase Labs.

Jason Karkus's remarkable journey at ProPhase Diagnostics is marked by his exemplary leadership and business acumen that led to the successful inception and expansion of the Company's Covid laboratory testing venture, generating an impressive $200 million in revenue during 2021 and 2022. This fiscal achievement fueled ProPhase's growth and strategic acquisition of Nebula Genomics.

In his new role, Karkus aims to amplify the Nebula Genomics business-to-business operations, as well as its exciting direct-to-consumer Whole Genome Sequencing (WGS) model. This strategic move is in line with ProPhase's evolution from a high complexity molecular Covid testing laboratory to an advanced WGS pioneer. The Company's state-of-the-art WGS lab, featuring four cutting-edge sequencing platforms, including two high-capacity, low cost, WGS machines, sets a precedent in the United States that the Company believes well positions its WGS lab to revolutionize the genomics industry. As ProPhase focuses on its WGS business lines, Karkus’ leadership, energy and vision are expected to be a driving force.

“ProPhase transformed itself from a supplement manufacturer to a leader in the Covid testing space,” said Ted Karkus, CEO of ProPhase Labs. “Jason was directly responsible for developing and managing all of the major business customers for Covid testing. His expertise in sales as well as his operational coordination with all the other departments in the lab was pivotal in scaling the Covid business.”

“He is already working on multiple opportunities aimed at absorbing a substantial portion of the company’s current sequencing capacity,” Mr. Karkus concluded. 

Jason Karkus added, “The past few months have been a whirlwind of opportunities. We actively participated in two major healthcare and technology conferences and engaged with dozens of prospects who expressed interest in forging large-scale relationships with us. Telemedicine platforms, hospital and physician networks, and other market participants are now considering utilizing WGS as part of their patient care strategy. With our reliable, highly efficient and high-capacity WGS equipment, we believe that we are now able to deliver high-value services at very competitive prices, not only in the U.S. but on a global scale.”