By a GenomeWeb staff reporter
NEW YORK (GenomeWeb News) – Molecular diagnostics startup Xagenic today announced the closing of a Series A financing round that raised C$10 million (US$10 million).
Xagenic's technology uses nanostructured microelectrodes to create highly sensitive nucleic acid sensors that it claims can detect DNA and RNA "at record-breaking speed."
The firm is creating a class of chip-based molecular diagnostics that rely on nanostructured microelectrodes to achieve "highly sensitive nucleic acid sensors that detect DNA and RNA with record-breaking speed."