Just one year after it was founded, Pittsburgh-based bioinformatics incubator LaunchCyte may have an early bloomer on its hands as it gears up for its first launch.

CEO Tom Petzinger told BioInform that LaunchCyte’s first portfolio company, Morewood Molecular Sciences, “is exceeding our expectations in terms of the pace of commercialization.”

LaunchCyte just closed on $700,000 of interim financing from a small number of individuals, of which $500,000 has been set aside to accelerate the commercialization of Morewood.

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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.