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BU Spinout Allegro Dx Lands $4M in Financing

NEW YORK (GenomeWeb News) — Allegro Diagnostics, which plans to commercialize molecular diagnostic products for lung cancer, has raised $4 million in a Series A financing.
 
The funding round was led by Kodiak Venture Partners and included investments by Catalyst Health Ventures and Boston University.
 
The startup company’s first commercial product will be a gene-expression based test for early-stage lung cancer.
 
The product will be based on technology developed by researchers Jerome Brody and Avrum Spira at the Boston University School of Medicine’s Pulmonary Center.
 
The company also said that Brody has been named chief scientific officer and that Kodiak Ventures’ Andrey Zarur and Catalyst Health’s Josh Phillips have joined the company’s board of directors.

The Scan

Highly Similar

Researchers have uncovered bat viruses that are highly similar to SARS-CoV-2, according to Nature News.

Gain of Oversight

According to the Wall Street Journal, the Biden Administration is considering greater oversight of gain-of-function research.

Lasker for mRNA Vaccine Work

The Scientist reports that researchers whose work enabled the development of mRNA-based vaccines are among this year's Lasker Award winners

PLOS Papers on Causal Variant Mapping, Ancient Salmonella, ALK Fusion Test for NSCLC

In PLOS this week: MsCAVIAR approach to map causal variants, analysis of ancient Salmonella, and more.