Skip to main content
Premium Trial:

Request an Annual Quote

Caris Life Sciences Raises $830M to Support Precision Medicine Platform, Liquid Biopsy Development

NEW YORK – Caris Life Sciences said Tuesday that it has raised $830 million in a growth equity round, giving the firm a post-money valuation of $7.83 billion.

According to Caris, the financing provides it with strategic capital for continued commercial expansion as it promotes its multiomic Molecular Intelligence service and continues work on a liquid biopsy solution intended to serve a variety of niches including therapy selection, recurrence monitoring, and multi-cancer early screening.

David Halbert, Caris' chairman and CEO, said in a statement that the new funds will specifically allow "the delivery of transformative applications of molecular science, including the launch of our early detection blood-based pan-cancer test, providing results for every patient with no non-shedders."

The round was led by Sixth Street, with other significant participants including accounts advised by T. Rowe Price Associates, Silver Lake, Fidelity Management & Research Company, and Coatue.

Additional investors in the round included Columbia Threadneedle Investments, Canada Pension Plan Investment Board, Millennium Management, Neuberger Berman Funds, Highland Capital Management, Rock Springs Capital, OrbiMed, ClearBridge Investments, Tudor Investment, Eaton Vance Equity (Morgan Stanley), Pura Vida Investments and First Light Asset Management.

Added to earlier fundraisings, the new investment raises the company's total external financing to $1.3 billion since 2018.

The Scan

Support for Moderna Booster

An FDA advisory committee supports authorizing a booster for Moderna's SARS-CoV-2 vaccine, CNN reports.

Testing at UK Lab Suspended

SARS-CoV-2 testing at a UK lab has been suspended following a number of false negative results.

J&J CSO to Step Down

The Wall Street Journal reports that Paul Stoffels will be stepping down as chief scientific officer at Johnson & Johnson by the end of the year.

Science Papers Present Proteo-Genomic Map of Human Health, Brain Tumor Target, Tool to Infer CNVs

In Science this week: gene-protein-disease map, epigenomic and transcriptomic approach highlights potential therapeutic target for gliomas, and more