Skip to main content
Premium Trial:

Request an Annual Quote

Canadian Government Provides MDx Firm Xagenic with $977K

NEW YORK (GenomeWeb News) – Startup molecular diagnostics company Xagenic today announced funding of up to C$990,000 (US$977,495) from the Canadian government in support of its diagnostic platform.

The funding from the Federal Economic Development Agency for Southern Ontario complements the Toronto-based firm's C$10 million Series A round last year, Xagenic Chief Technology Officer Shana Kelley said, and will be used to support the design and development of the firm's molecular diagnostic platform with a 20-minute time to result.

Xagenic was spun out of the University of Toronto in 2010 and its platform is being developed for use in physician offices, clinics, and hospital systems. The technology uses nanostructured microelectrodes to create nucleic acid sensors to detect DNA and RNA

"In the current environment, financial support from the government enhances our capabilities to develop cutting edge technologies that improve patient care," Xagenic Director of Business Development Ihor Boszko said in a statement.

In 2011, the company received C$1 million from the Ontario Ministry of Research and Innovation to commercialize its microarray-based technology.

The Scan

More Boosters for US

Following US Food and Drug Administration authorization, the Centers for Disease Control and Prevention has endorsed booster doses of the Moderna and Johnson & Johnson SARS-CoV-2 vaccines, the Washington Post writes.

From a Pig

A genetically modified pig kidney was transplanted into a human without triggering an immune response, Reuters reports.

For Privacy's Sake

Wired reports that more US states are passing genetic privacy laws.

Science Paper on How Poaching Drove Evolution in African Elephants

In Science this week: poaching has led to the rapid evolution of tuskless African elephants.