Skip to main content
Premium Trial:

Request an Annual Quote

Singulex Closes $50M Debt Facility

NEW YORK (GenomeWeb) – Immunodiagnostic firm Singulex said today that it closed a $50 million senior secured debt facility with Perceptive Advisors. The firm plans to use the financing to continue to develop its single-molecule counting technology that detects disease-associated biomarkers.

Cantor Fitzgerald acted as exclusive financial advisor and sole placement agent to Singulex.

"The investment will help fuel our continued growth and innovation pipeline, including greater access of our Single Molecule Counting technology via our Sgx Clarity system and point-of-care platform," Singulex CEO and President Guido Baechler said in a statement.

Earlier this month, the Alameda, California-based firm received the CE mark in Europe for its Clarity system and said it planned to pursue the CE mark for its cardiac troponin I assay. In addition, it plans to submit data to the US Food and Drug Administration for clearance in 2018.

The Scan

Looking for Omicron

NPR reports that SARS-CoV-2 testing in the US has gotten better but also that some experts say more needs to be done to better track the Omicron variant.

Holmes Alleges Abuse

The Associated Press reports that Theranos' Elizabeth Holmes has testified at her wire fraud trial that her business and romantic partner abused her.

Bit More Diverse, But More to Do

While Black and Hispanic patients are more likely to participate in cancer clinical trials than previously, they are still underrepresented, according to US News & World Report.

PNAS Papers on Yeast Gene Silencing, Zika Virus Inhibition, Immunoglobulin Hypermutation

In PNAS this week: gene silencing in Saccharomyces cerevisiae, possible neuroprotective role for SHFL in a mouse model of Zika virus infection, and more.