Rosetta Genomics (NASDAQ: ROSG) shares are nudging higher after the company said the U.S. Patents and Trademark Office has granted two patent allowances for divisional patents of the parent application titled “microRNAs and uses thereof.” The company said the patents are important markers for its RosettaGX Reveal™ thyroid cancer assay, as this strengthens its intellectual property portfolio and provides opportunities for monetization. “We are creating a strong intellectual property position in microRNAs and thyroid cancer diagnostics. Of note, there are approximately 500 peer-reviewed publications that confirm the effectiveness of microRNAs as biomarkers in the diagnosis of thyroid cancer which makes these and other microRNAs in our RosettaGX Reveal™ assay potentially even more valuable. We believe there may be opportunities to monetize this and other intellectual property pursuant to outlicenses to others working in this field. We are pursuing additional patents for our Reveal assay and look forward to their issuance. Our solid patent position, along with Reveal’s numerous competitive advantages including the ability to work off of routinely prepared FNA smears, creates the opportunity for significant revenue growth this year and well into the future,” Rosetta president and CEO Kenneth A. Berlin stated in the news release.
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About Rosetta Genomics
Rosetta offers rapid and accurate diagnostic information that enables physicians to make more timely and informed treatment decisions to improve patient care. Rosetta has developed a portfolio of unique diagnostic solutions for oncologists, urologists, endocrinologists, cytopathologists and other specialists to help them deliver better care to their patients. RosettaGX Reveal™, a Thyroid microRNA Classifier for the diagnosis of cancer in thyroid nodules, as well as the full RosettaGX™ portfolio of cancer testing services are commercially available through the company’s Philadelphia, PA- and Lake Forest, CA-based CAP-accredited, CLIA-certified labs. To learn more, visit www.rosettagx.com.
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