Cellular Genomics Raises $34.9M in Series C

Cellular Genomics said this week it has raised $34.9 million in a Series C private equity financing round.

The Branford, Conn.-based company, which applies its chemical genetics platform for in-house drug discovery and in collaborations, said it plans to use the funding to advance the in-house programs into the clinic.

In this round, previous investors Coastview Capital and Connecticut Innovations were joined by new investors CDP Capital, RiverVest Venture Partners, and Toucan Capital.

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360Dx reports that the US Centers for Medicare & Medicaid Services would cover next-generation sequencing-based cancer panel tests.

The Washington Post reports that a meteorologist is being considered as presidential science and technology advisor.

In PNAS this week: precision medicine strategy to screen for disease risk, genome evolution in Haemophilus influenzae, and more.

Researchers have developed a PCR-based assay to gauge whether manatees are present in waters.