Skip to main content
Premium Trial:

Request an Annual Quote

PamGene Raises 10M in Second Financing Round

NEW YORK, July 7 - Dutch microarray maker PamGene said today that it has raised 10 million ($11.4 million) in a second financing round led by LCF Rothschild Venture Partners.

 

Additional investors included Alta Partners, GIMV Venture Capital, and Life Sciences Partners. The new financing adds to a first-round investment of €6.7 million ($7.6 million) from these three firms in December 2000.

 

PamGene said the new funds would go toward development and marketing of its PamStation 96 microarray platform, which is scheduled to launch in the first quarter of 2004.

 

Raphael Wisniewski, investment manager at LCF Rothschild, will join PamGene's supervisory board, which is chaired by Jean Deleage of Alta Partners, and also includes Mark Wegter of LSP, Patrick van Beneden of GIMV, Ralph Martinke of Olympus, and Ton Stap of BioMerieux.

The Scan

Study Finds Sorghum Genetic Loci Influencing Composition, Function of Human Gut Microbes

Focusing on microbes found in the human gut microbiome, researchers in Nature Communications identified 10 sorghum loci that appear to influence the microbial taxa or microbial metabolite features.

Treatment Costs May Not Coincide With R&D Investment, Study Suggests

Researchers in JAMA Network Open did not find an association between ultimate treatment costs and investments in a drug when they analyzed available data on 60 approved drugs.

Sleep-Related Variants Show Low Penetrance in Large Population Analysis

A limited number of variants had documented sleep effects in an investigation in PLOS Genetics of 10 genes with reported sleep ties in nearly 192,000 participants in four population studies.

Researchers Develop Polygenic Risk Scores for Dozens of Disease-Related Exposures

With genetic data from two large population cohorts and summary statistics from prior genome-wide association studies, researchers came up with 27 exposure polygenic risk scores in the American Journal of Human Genetics.