Skip to main content
Premium Trial:

Request an Annual Quote

Epigenetics Sequencing Firm Cambridge Epigenetix Raises $5.5M

NEW YORK (GenomeWeb) – Epigenetics sequencing firm Cambridge Epigenetix today announced the completion of a Series A financing round that raised $5.5 million.

The company also announced the appointment of Fedja Bobanovic as its CEO.

New Science Ventures led the financing, and founding investors Syncona Partners and Cambridge Enterprise participated in the round. Bobanovic said that the funds will be used to continue exploring commercial applications for the firm's products, as well as for R&D.

The UK firm was founded in 2012 as a spinout from Shankar Balasubramanian's laboratory at the University of Cambridge and leverages an epigenetic sequencing technique called oxidative bisulfite sequencing, or ox-BS sequencing, a method for the quantitative, single-base resolution sequencing of 5-hydroxymethylcytosine and 5-methycytosine. In 2013, Cambridge Epigenetix launched the TrueMethyl kit.

Also, Bobanovic has joined the company from Danaher where he was a vice president and general manager for the Europe, Middle East, and Africa region at AB Sciex. Somu Subramanian, a founding partner at New Science Ventures, has also joined Cambridge Epigenetix's board.

The Scan

Support for Moderna Booster

An FDA advisory committee supports authorizing a booster for Moderna's SARS-CoV-2 vaccine, CNN reports.

Testing at UK Lab Suspended

SARS-CoV-2 testing at a UK lab has been suspended following a number of false negative results.

J&J CSO to Step Down

The Wall Street Journal reports that Paul Stoffels will be stepping down as chief scientific officer at Johnson & Johnson by the end of the year.

Science Papers Present Proteo-Genomic Map of Human Health, Brain Tumor Target, Tool to Infer CNVs

In Science this week: gene-protein-disease map, epigenomic and transcriptomic approach highlights potential therapeutic target for gliomas, and more