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BioNanomatrix Receives $240K NCI Grant, Fresh VC Cash

NEW YORK, May 17 (GenomeWeb) - BioNanomatrix today said that it has been awarded a grant from the National Cancer Institute as well as new seed financing from two venture investors, 21 Ventures and Ben Franklin Technology Partners of Southeastern Pennsylvania.

 

BioNanomatrix CEO Michael Boyce-Jacino told GenomeWeb News that the NCI grant is a two-year, $240,000 SBIR Phase I grant for development of a cancer diagnostic prototype.  

 

Boyce-Jacino added that 21 Ventures will provide bridge financing to help support the company until its expected Series A financing closes later this year, while Ben Franklin Technology Partners of Southeastern Pennsylvania has made a seed investment in the company.

 

He declined to provide more information on how much 21 Ventures and Ben Franklin Partners have invested in BioNanomatrix.

The Scan

Pig Organ Transplants Considered

The Wall Street Journal reports that the US Food and Drug Administration may soon allow clinical trials that involve transplanting pig organs into humans.

'Poo-Bank' Proposal

Harvard Medical School researchers suggest people should bank stool samples when they are young to transplant when they later develop age-related diseases.

Spurred to Develop Again

New Scientist reports that researchers may have uncovered why about 60 percent of in vitro fertilization embryos stop developing.

Science Papers Examine Breast Milk Cell Populations, Cerebral Cortex Cellular Diversity, Micronesia Population History

In Science this week: unique cell populations found within breast milk, 100 transcriptionally distinct cell populations uncovered in the cerebral cortex, and more.