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Home » precision medicine

Articles Tagged with ''precision medicine''

Hand holding dollar sign

Scipher nabs $110M for precision medicine platform for autoimmune disorders

Feb. 24, 2022
By Annette Boyle
It’s no mystery why Scipher Medicine Corp. successfully raised $110 million in a series D financing round to further develop the company’s precision medicine platform. The company aims to address one of most modern medicine’s most challenging enigmas: how to eliminate the cost and adverse effects associated with the prescription of expensive medications that provide life-changing outcomes for some and no benefit for others. The new funds boost Scipher’s total funding to $227 million, of which $192 million has come into the Waltham, Mass.-based company’s coffers in the last 12 months.
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Group photo of Biofidelity staff

Biofidelity attracts $23M series A investment to launch lung cancer test

Feb. 2, 2022
By Catherine Longworth
Cancer diagnostics company Biofidelity Ltd. reported a $23 million series A+ investment round, led by Octopus Ventures with participation from SBI Investment Co. Ltd. and existing investors. Funds will be used for the commercial launch of the company’s first commercial assay Asypre-Lung. The oncology panel is designed to detect DNA mutations from tissue or liquid biopsy quicker than current approaches like gene sequencing.
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Team member headshots in a grid

Precision genomics startup Tensixteen Bio launches with $40M

Jan. 27, 2022
By Catherine Longworth
Investors have backed a new precision medicine company targeting clonal hematopoiesis with $40 million. Tensixteen Bio Inc. is on a mission to understand how somatic mutations influence age-related diseases, including cancer. The San Francisco-based startup will use the funds to develop a genomics and clinical platform that can identify patients at high risk of developing disease.
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Digital cancer cells illustration

Simbiosys secures $15M investment for Tumor Scope platform

Oct. 26, 2021
By Catherine Longworth
Precision cancer care company Simbiosys Inc. has raised $15 million to accelerate development of its Tumor Scope software platform for management of solid tumors. The application enables oncologists to virtualize cancer tumors and simulate a patient’s response to specific drug therapies by combining artificial intelligence with biophysical simulations. The technology models the impact of drug delivery, drug sensitivity, metabolism and spatial heterogeneity and provides data that can be used to inform individual treatment plans.
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Brain and neural networks

Neumora raises $500M to target neuropsychiatric, neurodegenerative disorders

Oct. 7, 2021
By Michael Fitzhugh
Neumora Therapeutics Inc., a neuroscience startup aiming to launch precision medicines for brain diseases, said Oct. 7 it has raised more than $500 million, including a $100 million equity investment from Amgen Inc. and a series A financing led by Arch Venture Partners. The company launches with a portfolio of eight clinical, preclinical and discovery-stage programs from internal discovery efforts, the acquisitions of multiple private companies and a new license agreement with Amgen.
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3D dollar sign

My Next Health gathers $150M capital from private investment group

Sep. 27, 2021
By Catherine Longworth
Precision medicine company My Next Health Inc. (MNH) has guaranteed a $150 million equity capital commitment from Global Emerging Market (GEM), a $3.4 billion Luxembourg-based private investment group. MNH was formed in May 2020 due to a merger between functional genomics company The DNA Company and digital therapeutics platform My Pain Sensei. The New York-based company is developing genomics-based health management applications that offer patients personalized genetic insights.
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DNA data illustration

Analysis boosts genomics-driven precision medicine

Sep. 7, 2021
By John Fox
The most comprehensive international collaborative analysis to date of the impact of variants on gene expression has revealed thousands of previously unknown regulatory genomic regions controlling disease-linked genes, representing a major advance in genomics-driven precision medicine.
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Brandon Suh and Helmy Eltoukhy shaking hands

Lunit secures $26M in funding and reveals future Guardant partnership

July 22, 2021
By Gina Lee
Lunit Inc. snagged a $26 million investment from precision oncology company from Guardant Health Inc., closing its series C tranche B funding round. Lunit is planning to use the funds to develop more artificial intelligence (AI) solutions and improve existing ones.
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3D dollar sign

Xilis draws in $70M in funding to bring down costs of drug development

July 9, 2021
By Ana Mulero
Xilis Inc. closed $70 million in series A financing on July 8 to reduce drug development costs leveraging its technology, with the goal of advancing precision medicine through targeted drug discovery and development. The financing was led by Mubadala Capital with participation from new investors that include GV, formerly Google Ventures, and others.
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07-09-Echopixel-hero

Echopixel enables first in world use of 4D hologram technology for heart procedure

July 9, 2021
By Ana Mulero
A large health system in Minnesota recently became the first in the world to have completed a structural heart procedure, or any other surgical procedure for that matter, using any kind of 4D hologram technology. The technology was developed by venture capital-backed startup Echopixel Inc., and it is intended to improve both surgical precision and outcomes in minimally invasive procedures.
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