Skip to main content
Premium Trial:

Request an Annual Quote

Singapore's Clearbridge Biomedics Secures S$6.6M in Funding Ahead of Planned IPO

NEW YORK (360Dx) – Singapore cancer diagnostics firm Clearbridge BioMedics said today that it has secured S$6.6 million ($4.8 million) in funding ahead of a planned initial public offering.

According to the company, the round drew interest from both biotech investors, and from medical professionals in the oncology space. Money raised will support Clearbridge's business expansion, technology development, talent recruitment, and expenses related to its potential listing.

Clearbridge has developed a platform for noninvasive liquid biopsy via real-time analysis of cancer cells isolated from a standard blood draw. The firm's ClearCell FX System is a label-free, microfluidics device. Commercially launched in 2015, it has a CE-IVD mark in Europe, and has been registered as a Class I medical device with the US Food and Drug Administration and with China’s FDA via a Chinese partner.

Barring unforeseen circumstances, the company said it expects to launch its IPO in the final quarter of 2018.

The Scan

Comfort of Home

The Guardian reports that AstraZeneca is to run more clinical trials from people's homes with the aim of increasing participant diversity.

Keep Under Control

Genetic technologies are among the tools suggested to manage invasive species and feral animals in Australia, Newsweek says.

Just Make It

The New York Times writes that there is increased interest in applying gene synthesis to even more applications.

Nucleic Acids Research Papers on OncoDB, mBodyMap, Genomicus

In Nucleic Acids Research this week: database to analyze large cancer datasets, human body microbe database, and more.