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GENinCode's £42mln AIM float will take its genetic heart disease test to the next level

Published: 08:03 13 Jul 2021 BST

heart

A company that has developed a quick and easy genetic test for cardiovascular disease (CVD) has announced plans to float on AIM.

GENinCode is hoping to raise £17mln from the IPO, which should value the business at around £42mln.

It is bringing with it a breakthrough in testing for heart disease, the world’s biggest killer with 18mln deaths a year.

Through a simple blood or saliva sample, it can analyse a patient's medical information and genetic variants of the disease to determine a genetic score that is then used for the assessment of a patient's cardiovascular risk.

Its SITAB system, software, bioinformatics and algorithmic platform and online cloud-based reporting, is used to process and record test results and genetic information, using algorithms and artificial intelligence, assess a patient's risk of CVD.

It reports results directly via a web portal to healthcare practitioners, cardiologists and physicians, in a user-friendly, digestible format.

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