Skip to main content
Premium Trial:

Request an Annual Quote

GenCell Biosystems Raises $3.5M

NEW YORK (GenomeWeb News) – Irish genetic analysis tools firm GenCell Biosystems announced today that it has raised $3.5 million in seed funding from an international syndicate of investors.

The firm has developed a prototype of its Composite Liquid Cell diagnostic system, which uses microfluidic processes and special light wavelengths to analyze DNA profiles and predict future growth outcomes in individual cells. It added that the system enables users to "massively increase the quantity and speed of data processed in the genetic DNA analysis of biological samples at an unprecedented rate."

"Our technology represents a unique and significant step forward and it will form an important new resource for the molecular biology industry," GenCell Founder and CEO Kieran Curran said in a statement.

GenCell is targeting 2014 for full commercial production of its system.

The Limerick, Ireland-based firm currently employs 29 people and said that the funding would enable it to expand its international operations. It plans to hire an additional 20 employees and establish operations in the US this year.

The Scan

White-Tailed Deer Harbor SARS-CoV-2 Variants No Longer Infecting Humans, Study Finds

A new study in PNAS has found that white-tailed deer could act as a reservoir of SARS-CoV-2 variants no longer found among humans.

Study Points to Benefits of Local Consolidative Therapy, Targeted Treatments in Cancer Care

In JCO Precision Oncology, researchers report that local consolidative therapy combined with molecularly targeted treatments could improve survival for some lung cancer patients.

Genetic Variants That Lower LDL Cholesterol Linked to Reduced Heart Disease Risk

Rare variants in two genes that lower LDL cholesterol are also associated with a decreased risk of coronary heart disease, according to a new JAMA Cardiology study.

Study Links Evolution of Longevity, Social Organization in Mammals

With the help of comparative phylogenetics and transcriptomics, researchers in Nature Communications see ties between lifespan and social organization in mammals.