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LaserGen Raises $5M to Develop Next-Gen Sequencing System


LaserGen has raised $5 million in a Series A financing round, which it will use to demonstrate accurate sequencing of the Escherichia coli genome and to continue developing its next-generation sequencing system.

Additionally, LaserGen has enlisted consulting firm Popper and Company to help with commercialization of the platform.

"The time is right to think about how to deliver the new NGS system to the marketplace," LaserGen CEO Michael Metzker said in a statement.

Houston-based LaserGen, a Baylor College of Medicine spinout, has been developing a next-gen sequencing system based on its reversible terminator chemistry, dubbed Lightning Terminators.

In July, the company disclosed that it would develop the system with National Instruments, and said that it expects to submit a paper for publication by the fall (IS 7/19/2011).

The financing round was led by Aspen MedTech Ventures III Limited, and also included investments from LBS Technologies, San Luis Developments, LP, and other Houston angel investors.

The Scan

Could Mix It Up

The US Food and Drug Administration is considering a plan that would allow for the mixing-and-matching of SARS-CoV-2 vaccines and boosters, the New York Times says.

Closest to the Dog

New Scientist reports that extinct Japanese wolf appears to be the closest known wild relative of dogs.

Offer to Come Back

The Knoxville News Sentinel reports that the University of Tennessee is offering Anming Hu, a professor who was acquitted of charges that he hid ties to China, his position back.

PNAS Papers on Myeloid Differentiation MicroRNAs, Urinary Exosomes, Maize Domestication

In PNAS this week: role of microRNAs in myeloid differentiation, exosomes in urine, and more.