NEW YORK (GenomeWeb News) - Integrated Diagnostics, the latest venture founded by Leroy Hood, launched this week with $30 million in Series A funding from venture capital firm InterWest Partners, the Wellcome Trust, and Dievini Hopp Biotech Holding.

The Seattle-based firm will focus on developing personalized and preventative diagnostics that can identify organ-specific proteins. The company's approach to developing diagnostics promises to decrease the cost and time it takes to develop diagnostics, according to Hood.

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