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Strata Oncology Raises $26M in Series B Financing Round

NEW YORK (GenomeWeb) – Strata Oncology announced today that it has closed a $26 million Series B funding round. 

Existing investors Arboretum Ventures and Baird Capital were joined in the round by new investors Pfizer Ventures, Merck Global Health Innovation Fund, Deerfield Management, and Renaissance Venture Capital Fund.

Strata plans to use the money to expand its Precision Oncology Network — a group of health systems that have adopted the company's platform for systematic tumor molecular profiling and precision therapy trials.

The company also said it will use the funds to sponsor a master therapeutic protocol trial, the Pan-cancer molecular Analysis for cancer THerapy (PATH) study, as well as to support efforts to expand its data and software solutions and fund efforts related to the submission of its DNA and RNA tumor molecular profiling assay, StrataNGS, for approval by the US Food and Drug Administration.

The Scan

Close Panel Vote on Califf Nomination

The New York Times reports there was a close committee vote to advance the nomination of Robert Califf to lead the US Food and Drug Administration to the full Senate.

Task Force Reports on Scientific Integrity

Nature News writes that that a new task force report recommends that the US establish a cross-agency scientific integrity council.

Across the Hall

Genetic testing, closed-circuit cameras, and more show how a traveler, without any contact, infected others at a New Zealand quarantine facility, CNN reports.

Science Paper Examines Influence of Chromatin Modifications on Obsessive-Compulsive Disorder

In Science this week: genes regulating chromatin modification may contribute to OCD risk.