Skip to main content
Premium Trial:

Request an Annual Quote

OpGen Raises $17M in Series B Financing

By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – OpGen today said that it has raised $17 million in a Series B financing.

The Gaithersburg, Md.-based firm will use the funds to support marketing of its recently launched Argus Optical Mapping System for automated, microbial whole-genome analysis. The system generates ordered, whole-genome genetic maps from single DNA molecules that can be used for strain typing, comparative genomics, and whole-genome sequence assembly.

According to the firm, the Argus system enables to study genotype to phenotype relationships that would not be detected by other technologies.

"The new growth capital will fuel our efforts to expand into new markets, including the development of new applications that will complement sequencing technologies and help facilitate rapid completion of large genome mapping and finishing technologies currently under development at the company," OpGen CEO Douglas White said in a statement.

The financing round was led by jVen Capital and included participation from existing investors CHL Medical Partners, Highland Capital Partners, Mason Wells Biomedical, and Versant Ventures.

As part of the financing, Evan Jones, managing member of jVen Capital has been appointed OpGen's board as executive chairman. Jones was already a member of OpGen's board and had served as an interim CEO of the firm. He formerly was CEO of Digene, before that firm was acquired in 2007 by Qiagen for $1.6 billion.

The Scan

US Booster Eligibility Decision

The US CDC director recommends that people at high risk of developing COVID-19 due to their jobs also be eligible for COVID-19 boosters, in addition to those 65 years old and older or with underlying medical conditions.

Arizona Bill Before Judge

The Arizona Daily Star reports that a judge is weighing whether a new Arizona law restricting abortion due to genetic conditions is a ban or a restriction.

Additional Genes

Wales is rolling out new genetic testing service for cancer patients, according to BBC News.

Science Papers Examine State of Human Genomic Research, Single-Cell Protein Quantification

In Science this week: a number of editorials and policy reports discuss advances in human genomic research, and more.