NEW YORK (GenomeWeb) – Western University researcher Shawn Li has launched a new biotech firm, Precision Proteomics, to commercialize phosphoproteomics technology developed in his lab.

The company recently completed a C$1 million (US$760,000) funding round led by Canadian life science investment firms Sino Western Bridge and Novatio Ventures. In addition to funding, these companies are providing Precision Proteomics with guidance and management, Peng Fu, Novatio's founder and CEO, told GenomeWeb this week.

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360Dx reports that the US Centers for Medicare & Medicaid Services would cover next-generation sequencing-based cancer panel tests.

The Washington Post reports that a meteorologist is being considered as presidential science and technology advisor.

In PNAS this week: precision medicine strategy to screen for disease risk, genome evolution in Haemophilus influenzae, and more.

Researchers have developed a PCR-based assay to gauge whether manatees are present in waters.