Existence Genetics

Existence GeneticsType| Private

|

Industry| Healthcare, Personal Genomics
Founded| 2005
Founder| Brandon Colby, MD
Headquarters|

Los Angeles, California

United States

Area served

| Global

Key people

| Brandon Colby, MD, MBA - CEO & Medical Director
Services| Genetic testing, analysis and reporting services of humans and animals
Revenue| nothing burger

Operating income

| \- nada
Website| www.existencegenetics.com [|permanent dead link|dead link}}]

Existence Genetics was a genetic analysis and genetic reporting company that was founded in 2005 and declared bankruptcy on November 21, 2012.

## Company

The company was founded in 2005 by Brandon Colby MD,[1] who also served as CEO, and was headquartered in Los Angeles, California.[2]

It provided the healthcare industry and health & wellness organizations with access to information about their client's genes.[2]

The company used the Nexus DNA Chip, which was developed in-house, manufactured by Illumina, and run in a CLIA-certified laboratory in the USA.[citation needed] The Nexus DNA Chip was purported to test for thousands of clinically significant SNPs, DIPs, and CNVs, and be able to assess a person's risk of over 700 common and rare diseases.[3]

In October 2010 Existence sued Wilson Sonsini for fraud and breach of contract concerning the law firm's representation of Existence in patent prosecution and over fund-raising advice.[1]

In October 2011, Existence announced an upgrade to their genetic testing and analysis capabilities that they claimed allowed them to test for over 1,200 diseases, conditions, traits, and medication reactions.[4]

It declared bankruptcy on November 21, 2012.[5]

## References

1. ↑ 1.0 1.1 Pete Brush for Law360, October 18, 2010. Existence Genetics Hits Wilson Sonsini With Fraud Suit
2. ↑ 2.0 2.1 Staff, Bloomberg BusinessWeek. Company Overview of Existence Genetics, LLC Accessed June 03, 2013
3. ↑ Steve Parker (8 October 2010). "Existence Genetics Ramps up for Widespread Test Service Launch, Eyes Whole-Genome Sequencing". GenomeWeb. http://www.genomeweb.com/dxpgx/existence-genetics-ramps-widespread-test-service-launch-eyes-whole-genome-sequen. Retrieved 2011-06-01.
4. ↑ "Existence Genetics l Rare Disease Screen l Comprehensive Rare Disease Genetic Testing & Analysis". Existence Genetics. http://www.existencegenetics.com/rarediseasescreen.php. Retrieved 27 December 2011.
5. ↑ Staff, business-bankruptcies.com. Existence Genetics, LLC bankruptcy information Accessed June 3, 2013

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