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The company said it had performed DNA-based noninvasive prenatal testing on 3.
BGI officials hike equity stakes as prices fall – National Business Daily
The DNA-test is not the only doubt about the company’s credibility. Chinese genomics giant BGI, known as the Beijing Genomics Institute previously, announced on Tuesday that seven of its executives have decided to increase their equity holdings in the company, after a two-day stock slump triggered by a series of reports attacking its bti.
That was despite BGI’s statement on Monday that the boy’s defects were not included within the range of its gene testing methods. Suspicions arose last month when a letter, accusing BGI of bribing officials and defrauding State-owned assets, was made public.
The report captured attention in both the media and the capital market. A report from tech news site huxiu revealed some newborns with defects were previously assessed as low risk by BGI’s DNA-based non-invasive bti testing.
Drop in mining difficulty likely to trigger new round of price slump 7 Toy-sharing takes off as the demand for toys increases. Therefore, even if the DNA test shows low risk, he advised pregnant women to also conduct an amniocentesis to confirm the findings. The amniocentesis test alone could work because it has been in clinical application for a long time and the data provided are more adequate, Cheung said.
It also admitted 70 infants with abnormal chromosome conditions were born due for different reasons and insurance was provided for these families. As a result, the Shenzhen-based company’s stock fell by the 10 percent daily limit on Monday and Tuesday.
Yet another factor that pulled down share prices was the expiry of the lock-in period for more than 51 percent of its total share capital-worth roughly about DNA-based non-invasive prenatal testing is generally 502 to test for Down syndrome, and 98 percent of fetuses with the condition can be tested, according to a study in the United Kingdom, said Cheung Ching-lung, assistant professor of the Centre for Genomic Sciences at the Department of Pharmacology and Pharmacy at the University of Hong Kong.
The genetic institution said bgii letter contains false information.
After the move, the shares of the Shenzhen-listed enterprise dropped slightly by 0. The total value is said to be no less than 30 million yuan 4. It took the case of a boy with mental disabilities and physical deformities in Hunan province as an example.
The contents of this website may not be reproduced or used without permission from NBD. However, he said, there are also studies showing the percentage is only 90 percent. The report also criticized some hospitals and doctors in China, saying they rely too much on BGI’s tests, meaning traditional methods, such as amniocentesis, are neglected.
In order to “enhance investors’ confidence”, BGI’s executives, including the company’s general manager, chief operations officer and deputy general managers, increased their holdings of the stock.