Greenwood Genetic Center’s Biochemical Genetics lab posted a record year in tests performed and annual revenue.
The lab, which is one of three specialty labs at GGC, reported signing out 10,044 tests — the most ever completed by a GGC lab, according to the company — and an increase in annual revenue for the biochemical lab from $700,000 to $1.1 million.
The specialty of the lab is diagnosing genetic disorders by using enzyme analysis. The lab also monitors treatment of patients with rare disorders, according to the release. The lab also generated $622,000 in revenue in 2016 through various industry contracts.
Because of the increased workload, the laboratory has added new technologists and an assistant director, the company said in the release.
“We have seen amazing growth in our Biochemical Genetics Laboratory, especially over the last year, and are indebted to the dedicated technologists and innovative leaders who make it all possible,” said Steve Skinner, GGC’s director, in the release. “Our biochemical lab staff has eagerly accepted new challenges and is willing to take a leap of faith to embark on cutting-edge projects, including the industry contract work.”
All three labs at GGC will undergo expansion thanks to a $5.4 million investment announced by the company recently.