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Precision Therapeutics Raises $20M to Develop Chemotherapy Response Test

NEW YORK, Feb. 21 (GenomeWeb News) - Precision Therapeutics said today that it closed a $20 million series B funding round.

 

The funding will be used to commercialize the Precision's ChemoFx assay, a cell-based test that "quantifies an individual patient's likely tumor response to single or multiple chemotherapeutic agents," the company said in a statement.

 

Lead investor in the round was Quaker BioVentures of Philadelphia. Existing investors included Adams Capital Management, Birchmere Ventures, Techno Venture Management and Draper Triangle Ventures.

The Scan

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.

US Survey Data Suggests Ancestry Testing Leads Way in Awareness, Use of Genetic Testing Awareness

Although roughly three-quarters of surveyed individuals in a Genetics in Medicine study reported awareness of genetic testing, use of such tests was lower and varied with income, ancestry, and disease history.

Coral Genome Leads to Alternative Amino Acid Pathway Found in Other Non-Model Animals

An alternative cysteine biosynthesis pathway unearthed in the Acropora loripes genome subsequently turned up in sequences from non-mammalian, -nematode, or -arthropod animals, researchers report in Science Advances.

Mosquitos Genetically Modified to Prevent Malaria Spread

A gene drive approach could be used to render mosquitos unable to spread malaria, researchers report in Science Advances.