Hartford Business Journal

May 18, 2015

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G R E AT E R H A R T F O R D ' S B U S I N E S S N E W S w w w. H a r t f o rd B u s i n e s s . c o m For more B2B news visit MAY 18, 2015 Volume 23, Number 25 $3.00 Subscribe online J U N E 4 T H H A R T F O R D For more info: www.CTBEXPO.com Feds seize 3,000 guns from N. Britain gunmaker By Brad Kane bkane@HartfordBusiness.com F ederal investigators have seized docu- ments and 3,000 assault rifle parts from Stag Arms as part of an ongoing investi- gation into possible illegal activity at the New Britain gunmaker, federal court records show. During a routine inspection of Stag Arm's facilities in August, the U.S. Bureau of Alco- hol, Tobacco, Firearms & Explosives found Answers Hartford genotype pioneer's new product faces payer headwinds By Gregory Seay gseay@HartfordBusiness.com I n his latest bid to expand Genomas Inc.'s roster of genetics- based testing for personalized care, Hartford physician- entrepreneur Gualberto Ruano has found health insurers still playing the role of reluctant dragons. Insurers, Ruano says, still reimburse only a limited variety of tests that harvest patients' DNA to determine the best care regimens and drugs. Many genetic-type tests and screens, payers say, are "too experimental'' to be deemed safe and efficacious for treatment of most patients. Insurer's reluctance to fully embrace genetic testing poses a challenge for Genomas, which is now pitching its latest genotype evaluation product, MedTuning, and other like-minded companies looking to market their products to a mass patient base. The stakes are particularly high in Connecticut, which has embraced genomic medicine as a major future industry driver. But, Ruano isn't waiting for the dust to settle to market MedTuning. Continued on page 16 Hartford bio-entrepreneur Dr. Gualberto Ruano has eyes set on mass-marketing his newest genotype testing product-service, MedTuning, via direct contact with physicians and patients and social media. Resistance among insurers to reimburse for MedTuning, which determines the best treatment and drug regimens for patients tied to their genetic makeup, is a hurdle for novel and unproven technologies. P H O T O | S T E V E L A S C H E V E R Searching FOR Index ■ Week in Review: PG. 6 ■ The List: PG. 10 ■ Deal Watch: PG. 12 ■ Reporter's Notebook: PG. 14 ■ Movers & Shakers: PG. 23 ■ Opinion & Commentary: PG. 24 Empire State There is a new breed of investors in downtown Hartford and many of them hail from New York. Find out what has Empire State investors interested in Connecticut's Capital City. PG. 3 FOCUS: TOURISM Mystic Mystique Tourism is now considered a top Connecticut industry, but not all municipalities benefit from it equally. Find out what sets Mystic apart from the competition. PG. 8 Continued on page 14 The U.S. Bureau of Alcohol, Tobacco, Firearms & Explosives found a large cache of gun parts at Stag Arms' New Britain manufacturing plant that did not have serial numbers, which is a violation of federal law. In the photo, a Stag Arms employee holds a gun part. P H O T O | Y O U T U B E

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