Skip to main content
Premium Trial:

Request an Annual Quote

Counsyl Raises $80M

NEW YORK (GenomeWeb) – Genetic testing firm Counsyl reported today that it has raised $80 million in financing from life sciences investment firm Perceptive Advisors.

Counsyl Cofounder and CEO Ramji Srinivasan said in a statement that the new financing will be used to grow the company "with an eye toward making expanded carrier screening as routine as taking folic acid, noninvasive prenatal screening as routine as an ultrasound, and hereditary cancer screening as well-known as a pap smear."

The firm offers tests such as Foresight Carrier Screen, Prelude Prenatal Screen, and Reliant Cancer Screen. Since its founding, Counsyl has screened more than 850,000 patients, served more than 17,000 healthcare providers, and provided more than 60,000 genetic counseling sessions, it noted.

The company previously raised $28 million in 2014. According to Counsyl's website, the firm had previously raised a total of $102 million. 

The company also announced today that Home Care Assistance CEO Lily Sarafan has joined Counsyl's board.

The Scan

Booster Push

New data shows a decline in SARS-CoV-2 vaccine efficacy over time, which the New York Times says Pfizer is using to argue its case for a booster, even as the lower efficacy remains high.

With Help from Mr. Fluffington, PurrhD

Cats could make good study animals for genetic research, the University of Missouri's Leslie Lyons tells the Atlantic.

Man Charged With Threatening to Harm Fauci, Collins

The Hill reports that Thomas Patrick Connally, Jr., was charged with making threats against federal officials.

Nature Papers Present Approach to Find Natural Products, Method to ID Cancer Driver Mutations, More

In Nature this week: combination of cryogenic electron microscopy with genome mining helps uncover natural products, driver mutations in cancer, and more.