Skip to main content
Premium Trial:

Request an Annual Quote

Singlera Genomics Closes $150M Series B Financing Round

NEW YORK — Singlera Genomics said on Tuesday that it has raised $150 million in a Series B financing round.

The round was led by CICC Kai Tak Innovative Biomedicine Fund and co-led by Detong Capital and Furong Investment. New investors include Huamei International, Linden Asset Group, Wuxi Capital, FutureX Skyline Capital, and Shanghai Free Trade Zone Fund. Existing investors participating in the financing include Greenpine Capital, Prosperico Ventures, and Proxima Ventures.

Singlera said it will use the new funding to expand its research and development of new early cancer screening products, to support regulatory and commercialization activities, and to expand prospective studies into pan-cancer early screening.

This summer, Singlera and collaborators at Fudan University published data showing that the company's circulating tumor DNA methylation multi-cancer screening technology, called PanSeer, could help detect cancer in asymptomatic people who were later diagnosed with cancer.

While La Jolla, California-based Singlera, which also has operations in Shanghai, is initially focusing on colorectal cancer detection with the PanSeer technology, it aims to expand to a pan-cancer setting in the future.

"We have developed early cancer screening and diagnostic technologies and products covering a variety of cancer types including lung, colorectal, liver, stomach, esophageal, pancreatic, and thyroid," Singlera Cofounder and scientific advisor Yuan Gao said in a statement. "This round of financing will help us carry out large-scale prospective studies and clinical trials."

The Scan

US Booster Eligibility Decision

The US CDC director recommends that people at high risk of developing COVID-19 due to their jobs also be eligible for COVID-19 boosters, in addition to those 65 years old and older or with underlying medical conditions.

Arizona Bill Before Judge

The Arizona Daily Star reports that a judge is weighing whether a new Arizona law restricting abortion due to genetic conditions is a ban or a restriction.

Additional Genes

Wales is rolling out new genetic testing service for cancer patients, according to BBC News.

Science Papers Examine State of Human Genomic Research, Single-Cell Protein Quantification

In Science this week: a number of editorials and policy reports discuss advances in human genomic research, and more.