Contact Information: Contact: Richard Oh Taglich Brothers, Inc. 631-757-1500
Taglich Brothers Initiates Coverage on NeoGenomics, Inc.
| Source: NeoGenomics, Inc.
NEW YORK, NY--(Marketwire - August 5, 2008) - Taglich Brothers, Inc. announces
it initiated coverage of NeoGenomics, Inc. (OTCBB : NGNM ).
NeoGenomics, Inc., headquartered in Fort Myers, FL,
also operates laboratories in Nashville, TN and Irvine, CA. The company
operates "high complexity" clinical laboratories performing specialized,
high-value genetic tests used in the diagnosis and prognosis of various
types of cancer. In certain types of cancers, the company's tests also help
predict patient responses to various treatments. The company also operates
a contract research organization. The company's facilities are licensed
under all relevant Federal and state laws, and its services qualify for
reimbursement under major government insurance programs, principally
Medicare and Medicaid.
Genetic testing analyzes abnormalities from the cell surface inward,
specifically in chromosomes, genes and DNA. Genetic testing is much more
accurate than traditional clinical laboratory and anatomic pathology
testing and can lead to a definitive diagnosis in 98-99% of cases. The
rapid growth of genetic testing, which is characterized by high revenues
per test and high margins, is reflected in revenue gains experienced by the
company and comparable specialized laboratories. This growth is attributed
to increases in the number of tests developed to analyze genes discovered
to be implicated in cancer, and higher cancer prevalence stemming from the
aging of the population.
The complete 19-page report is available at www.taglichbrothers.com.
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