Enzo

The Index was up about 4 percent month over month and outpaced the Dow Jones Industrial Average and the Nasdaq Composite, but trailed the Nasdaq Biotechnology index. 

Enzo's patent relates to modified nucleotides for diagnostic and therapeutic applications, and is central to separate ongoing lawsuits with diagnostic developers.

The company also announced that it has received New York State Department of Health conditional approval for three women's health molecular diagnostic tests.

Overall, 10 of the 26 companies in the 360Dx Index declined last month, but it still beat the broader markets. 

Revenues from the company's clinical labs segment grew 8 percent this quarter, and revenues from the life sciences business grew 6 percent.

The company said revenues from its clinical lab services rose 9 percent because of high demand for certain molecular diagnostic services.

The company also reported FY2016 revenues rose 5 percent year over year, despite a dip in product revenues for the year.

Contributing to the growth was a 16 percent increase in revenues from Enzo's clinical lab services division, which includes its molecular diagnostics offerings.

The AmpiProbe Candidiasis test identifies five common species of Candida bacteria from a vaginal swab, and is the third test from Enzo to be approved in NY state.