LabCorp may get incentives to move

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LabCorp to buy Monogram Biosciences

LabCorp, one of the country's largest medical-testing companies, announced this morning that it is buying a publicly traded California company that specializes in tests for infectious diseases and cancer.

Burlington-based LabCorp will pay about $155 million for Monogram Biosciences. The acquisition will expand LabCorp's presence in the expanding market for so-called personalized medicine, where treatments and medical tests are geared for specific patients.

For example, Monogram's tests help identify patients who are likely to respond to a certain type of HIV drugs.

Medical company raises millions

A small Durham company developing tests for personalized cancer therapy has raised $10.5 million in financing.

CancerGuide Diagnostics was founded in 2006 and is run by CEO Myla Lai-Goldman, the former chief medical officer at Burlington-based medical testing giant LabCorp.

LabCorp contributed to CancerGuide's financing, along with local venture capital firms Hatteras Venture Partners and Intersouth Partners. LabCorp also agreed to work with CancerGuide on developing and commercializing new cancer tests that will help doctors determine early on what treatments will have the best results for particular patients.

CancerGuide of Durham raises $10.5 million

A Durham company developing tests for personalized cancer therapy has raised $10.5 million in financing.

CancerGuide Diagnostics was founded in 2006 and is run by CEO Myla Lai-Goldman, the former chief medical officer at Burlington-based medical testing giant LabCorp.

LabCorp contributed to CancerGuide's financing, along with local venture capital firms Hatteras Venture Partners and Intersouth Partners.

Free computers head to military kids who can't afford one

Kramden Institute, a nonprofit charitable agency, will give free computers to some 250 military children at Fort Bragg today, part of an effort to bring digital technology to kids who otherwise would not have access to it.

About 200 volunteers from computer maker Lenovo refurbished the computers at a weekend "geek-a-thon." Lenovo and LabCorp donated the computers.

Teachers nominated students to receive the computers, which are meant for children who work hard at school but can't afford home computers.

Test: Lacrosse case accuser free of controlled substances

A toxicology test of the woman who accused three Duke lacrosse players of rape turned up no signs of controlled substances, according to court papers filed Thursday.

Durham District Attorney Mike Nifong told defense lawyers of the negative results in a meeting Aug. 25. On Thursday, defense lawyers asked for a report on the drug test in a court filing that included a long list of evidence requested from Nifong.

There had been much speculation about the use of a "date rape drug" on television talk shows and on the Internet. In April, Newsweek reported that Nifong had "hinted" that a date rape drug may have been used in the alleged gang-rape of the woman by three Duke lacrosse players at a March party. The three players charged are David Evans, 23, of Bethesda, Md.; Reade Seligmann, 20, of Essex Fells, N.J.; and Collin Finnerty, 19, of Garden City, N.Y. All three have said the charges are false.