FORM 6-K
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
dated December 20, 2018
Commission File Number 0-51504
GENETIC TECHNOLOGIES LIMITED
(Exact Name as Specified in its Charter)
N/A
(Translation of Registrants Name)
60-66 Hanover Street
Fitzroy
Victoria 3065 Australia
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused the Report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: December 20, 2018
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GENETIC TECHNOLOGIES LIMITED |
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By: |
/s/ Kevin Fischer |
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Name: |
Kevin Fischer |
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Title: |
Company Secretary |
ASX ANNOUNCEMENT
20 December 2018
Genetic Technologies Limited announces new biomedical blockchain joint venture.
Melbourne, Australia, 20 December 2018: Genetic Technologies Limited (ASX: GTG; Nasdaq: GENE, Company), via its subsidiary Gene Ventures Pty Ltd, is pleased to announce that it has entered into a joint venture with Blockshine Technology Corporation (BTC). The joint venture (JV) company, called Blockshine Health, will pursue and develop blockchain opportunities in the biomedical sector. Blockshine Health will have full access to BTCs technology (royalty free) as well as all of its opportunities in the biomedical sector. GTG will invest $250,000 into the JV and have a 49% equity stake.
Genetic Technologies Chairman and CEO, Dr Paul Kasian has made the following comments: Blockchain technology has provided a quantum leap in the opportunity for creation collection, management and most importantly security of data with specific application in the Biomedical space.
GTG is excited by the opportunity to enter into a JV with BTC. The new entity, Blockshine Health, will leverage off GTGs Biotech experience as well as BTCs extensive development capabilities in the blockchain space with over 150 Employees focussing on leading edge technological development.
GTG has demonstrated its ability to commercialise R&D from concept to sales into the biggest healthcare market in the world and we see Blockshine Health as the perfect vehicle to cement a leading brand in the Blockchain healthcare space.
Layla Dong, Founder and CEO of Blockshine Technology Corporation said, Blockshine Technology always puts the application of blockchain technology in the first place, and only when the technology truly serves the real economy, can the benefits of technological progress be shared with more people. Blockshine Health aims to advance the application of blockchain technology in the medical field and promote more high-quality blockchain projects in the future.
FOR FURTHER INFORMATION PLEASE CONTACT
Dr Paul Kasian |
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Jason Wong (USA)) |
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Director & Interim CEO |
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Blueprint Life Science Group |
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Genetic Technologies Limited |
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+1 (415) 375 3340, Ext. 4 |
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+ 61 3 8412 7000 |
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Genetic Technologies Limited · Website : www.gtglabs.com · Email : info@gtglabs.com ABN 17 009 212 328
Registered Office · 60-66 Hanover Street Fitzroy Victoria 3065 Australia · Postal Address P.O. Box 115 Fitzroy Victoria 3065 Australia
Phone +61 3 8412 7000 · Fax +61 3 8412 7040
About Genetic Technologies Limited
Genetic Technologies is a diversified molecular diagnostics company embracing blockchain technologies across genomic testing platforms. GTG offers cancer predictive testing and assessment tools to help physicians proactively manage patient health. The Companys lead product, BREVAGen plus ® , is a clinically validated risk assessment test for non-hereditary breast cancer and is first in its class. For more information, please visit www.brevagenplus.com and www.phenogensciences.com.
Genetic Technologies is developing a pipeline of risk assessment products including a novel colorectal cancer (CRC) test. For more information, please visit www.gtgcorporate.com
Safe Harbor Statement
Any statements in this press release that relate to the Companys expectations are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees. Since this information may involve risks and uncertainties and are subject to change at any time, the Companys actual results may differ materially from expected results. Additional risks associated with Genetic Technologies business can be found in its periodic filings with the SEC.