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, Brandon Colby MD, who also served as CEO, and was headquartered in Los Angeles, California.Staff, Bloomberg BusinessWeek
Company Overview of Existence Genetics, LLC
Accessed June 03, 2013 It provided the healthcare industry and health & wellness organizations with access to information about their client's genes. The company used the Nexus DNA Chip, which was developed in-house, manufactured by Illumina (company), Illumina, and run in a CLIA-certified laboratory in the USA. The Nexus DNA Chip was purported to test for thousands of clinically significant SNP array, SNPs, DIPs, and Copy-number variation, CNVs, and be able to assess a person's risk of over 700 common and rare diseases. 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.Pete Brush for Law360, October 18, 2010
Existence Genetics Hits Wilson Sonsini With Fraud Suit
/ref> 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. It declared Chapter 7, Title 11, United States Code, bankruptcy on November 21, 2012.Staff, business-bankruptcies.com
Existence Genetics, LLC bankruptcy information
Accessed June 3, 2013

References

{{Reflist Genomics companies Companies based in Los Angeles