Biotech Values

[apljack]

NEO: BRIEF-Neogenomics says received notice from affiliated oncology practices of termination of commercial deal, effective May 14 - filing

(Other side of the coin on NEO's business development. Mgmt had reported a trend in pathology labs terminating outsourcing contracts because of the TC grandfather sunset. This one appears to be a big termination, although the end of the contract is next May, with plenty of time to replace the business lost.)


Nov 18 (Reuters) - Neogenomics Inc : * On November 14th,co received notice from affiliated oncology practices of

termination of commercial deal between parties effective may 14, 2014 * Group comprised 15.8% of the company's revenue for the nine months ended

September 30, 2013 - SEC filing * Co understands that client intends to internalize many of tests that co has

been performing on client's behalf * Says is in ongoing discussions with this client to determine if a new

agreement can be reached on mutually acceptable terms * Source text for Eikon * Further company coverage

http://www.reuters.com/article/2013/11/18/neogenomics-brief-idUSWNAB035VR20131118