Cancer Genetics, Inc. Announces a Global Partnership with BARC Global Central Laboratory to Offer Comprehensive Clinical Trial and Companion Diagnostic Solutions for the Oncology Industry

• -- The companies have entered into an agreement to offer biotech and pharmaceutical companies access to BARC's network of global central laboratories covering 7 locations in 2 hemispheres in combination with Cancer Genetics' expertise in biomarker and genomic testing as well as companion diagnostic development for oncology.
  
  

• -- The partnership is focused on the 5.4 billion U.S. Dollars expected to be spent by biotech and pharmaceutical companies in biomarker and genomic testing to support oncology clinical trials from Phase I through Phase IV by 2020.

RUTHERFORD, N.J., GHENT, Belgium and PARIS, Sept. 21, 2016 (GLOBE NEWSWIRE) -- Cancer Genetics, Inc. (Nasdaq:CGIX); ("CGI" or "The Company"), a leader in enabling precision medicine for oncology through molecular markers and diagnostics, announced today that it has entered into a partnership with the Bio Analytical Research Corporation (BARC), a global central laboratory supporting clinical trials and serving large pharmaceutical and biotech companies globally, including in Europe, Africa, China, Australia and the USA.

BARC has a global network of 7 clinical labs supporting the pharmaceutical and biotechnology industry in the development and approval of new drugs by managing the laboratory component of Phase I thru IV clinical trials, with 60% of these trials in oncology. BARC's worldwide network includes The Americas, Europe, South Africa, and Asia Pacific. BARC is part of Cerba HealthCare, a European medical leader with an international multidisciplinary network of 350 clinical labs, 4,200 staff members, and has been in business for over 25 years.

BARC and CGI are expected to jointly market, sell and deliver on contracts that service a market that is increasingly global, and in demand for more validated biomarker and companion strategies that support oncology trials. The partnership will have an immediate focus on immuno-oncology, hematological cancers and lung cancer and will plan on developing market specific offerings that are collaboratively sold and serviced.

"We are very excited about this partnership, as this will help our customers on a global basis to accelerate their drug development and incorporate the additional biomarker and genomic data needed to improve decision making. CGI will enable BARC to offer world class genomics expertise to make early decisions in the complex field of oncology, especially in the very competitive environment of immuno-oncology," said Michel Abiteboul, CEO of BARC. "We strongly believe that our combined efforts will support the precision medicine approach of pharmaceutical companies globally for the benefit of patients and their families."