QuantumDx is heading a UK-based public-private partnership to develop a chip-based molecular profiling tool for diagnosing and staging cancer, and potentially guiding oncology treatments.

The £2.8 million ($4.5 million), three-year project will use £1.4 million from the UK's Biomedical Catalyst group and a matching amount of funding from QuantumDx to develop the platform, which QuantumDx said will enable users to profile a tumor for hundreds of DNA targets in less than 20 minutes.

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