Geneoscopy Closes $105M In Financing To Advance Its Noninvasive Multifactor Rna Screening Test For Colorectal Cancer Prevention
Geneoscopy Closes $105M In Financing To Advance Its Noninvasive Multifactor Rna Screening Test For Colorectal Cancer Prevention
11/16/21, 8:01 AM
Location
st. louisMoney raised
$105 million
Geneoscopy Inc., a life sciences company focused on the development of diagnostic tests for gastrointestinal health, today announced the closing of a Series B financing, raising a total of $105 million through a combination of debt and equity. The round is led by previous investors Lightchain Capital and NT Investments. Other investors in the round include Morningside Ventures, Labcorp, Cultivation Capital, BioGenerator Ventures, and Innovatus Capital Partners.
Company Info
Location
st. louis, missouri, united states
Additional Info
Geneoscopy Inc. is a life sciences company focused on the development of diagnostic tests for gastrointestinal health. Geneoscopy's lead diagnostic uses stool-derived eukaryotic RNA (seRNA) to detect colorectal cancer and precancerous adenomas. This device was awarded Breakthrough Device Designation from the US FDA for its ability to reduce morbidity associated with colorectal cancer through advanced adenoma detection. Indicative of its breakthrough status, preliminary trials suggest that the diagnostic can detect these lesions at a higher rate than all existing noninvasive screening tests. Visit geneoscopy.com to learn more.