Skip to main content
Premium Trial:

Request an Annual Quote

Swift Nets $750K Investment from Michigan Accelerator Fund I

Premium

Michigan Accelerator Fund I said this week that it has made a $750,000 Series A-1 investment in Swift Biosciences.

To date, Swift has launched a product suite called myT Primers, which enable detection of mutated cells related to melanoma with extreme sensitivity. This opens the door for test specimens to be collected as blood samples instead of tissue, which may allow for earlier detection, the company said.

Its first product in this area was a BRAF mutation-detection assay, which the company introduced last February parallel to announcing it had raised $2.4 million in private financing as a follow on to a $3 million Series A financing completed in August 2010 (PCR Insider, 2/23/2012).

In 2013, Swift will launch a new line of products focused on genome sequencing, the company said.

MAF‐1 now joins Houston‐based Mercury Fund as Swift’s only institutional investors. The total invested in Swift to date is $6.15 million. MAF-I also said that Swift is the seventh company it has funded since the fund's inception in 2010, and the first investment since the fund closed at $15.5 million in August 2012.

The Scan

Quality Improvement Study Compares Molecular Tumor Boards, Central Consensus Recommendations

With 50 simulated cancer cases, researchers in JAMA Network Open compared molecular tumor board recommendations with central consensus plans at a dozen centers in Japan.

Lupus Heterogeneity Highlighted With Single-Cell Transcriptomes

Using single-cell RNA sequencing, researchers in Nature Communications tracked down immune and non-immune cell differences between discoid lupus erythematosus and systemic lupus erythematosus.

Rare Disease Clues Gleaned From Mobile Element Insertions in Exome Sequences

With an approach called MELT, researchers in the European Journal of Human Genetics uncovered mobile element insertions in exomes from 3,232 individuals with or without developmental or neurological abnormalities.

Team Tracks Down Potential Blood Plasma Markers Linked to Heart Failure in Atrial Fibrillation Patients

Researchers in BMC Genomics found 10 differentially expressed proteins or metabolites that marked atrial fibrillation with heart failure cases.