SAN DIEGO, Calif.--Diversa received a $100,000 Small Business Innovative Research award from the National Cancer Institute and more than $20 million in venture capital financing, half of that from four new investors: New York Life Insurance, State of Michigan Retirement Fund, Benefit Capital Management, and CSK Venture Capital.

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Consulting company McKinsey says diagnostics companies will have to combine genomic data analysis, electronic medical records, effective reimbursement strategies, and regulatory compliance in order to win.

A new report has found that researchers in Africa are still heavily dependent on funding from organizations in the US, Europe, and China, Nature News says.

An article in The Atlantic argues that the progress being made in science isn't keeping pace with the money and time being spent on research.

In Science this week: a CRISPR screen identifies sideroflexin 1 as a requisite component of one-carbon metabolism, and more.