Applied Markets

News on genetics and genomics applications in the Ag-Bio, Veterinary, Forensics, Food Safety, and Environmental Testing markets.

Going forward, the company will focus on its wholly owned subsidiary Medicinal Genomics Corporation, which conducts cannabis genetics research.

The clinical genetics and genomics testing firm said the funding will help as it seeks to consolidate its presence in international markets.

Hygiena will sell DuPont Diagnostics products through its Qualicon Diagnostics unit.

The firm expects revenues to be affected by a difficult comparison to Q3 FY15, currency effects, and reduced orders from distributors. 

The company said it expects a 1 percent increase in 2016 revenues, but noted that the results were adversely affected by certain competitive pressures in Q4, among other problems.