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NEW YORK – Lucence announced on Tuesday the closing of its Series A financing round, bringing in $20 million.

IHH Healthcare led the round and was joined by SGInnovate and existing investors Temasek Holdings subsidiary Heliconia Capital, Lim Kaling, Koh Boon Hwee, and others. Lucence said the funding will allow it to expand access to its liquid biopsy test to more patients in Asia and North America. It added that it plans to conduct new prospective clinical studies to evaluate its technology for the early detection of multiple cancers.

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Nature News reports that recent proposed changes to the US National Science Foundation have raised concerns about a shift away from the agency's focus on basic research.

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