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Dtc Genetics Company Nucleus Genomics Raises $18 Million In Funding In One Year

Dtc Genetics Company Nucleus Genomics Raises $18 Million In Funding In One Year

07/14/22, 2:38 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgbrooklyn
Money raised
$18 million
Industry
other
health care
software
Nucleus Genomics, a next-generation consumer genetic testing and analysis company, has raised $14 million in a new funding round led by Alexis Ohanian's Seven Seven Six. The NYC-based company, founded by Kian Sadeghi, is building a DTC genetic testing platform that provides innovative genetic risk and disposition score analyses on an extensive number of diseases and traits by leveraging whole-genome sequencing (WGS). The company also believes in maximal data ownership and liberty by providing its users total autonomy over their genetic data.

Company Info

Company
Nucleus Genomics
Location
brooklyn, new york, united states
Additional Info
Since then, the company has received FDA approval for a number of genetic tests that quantify health risks for conditions like Parkinson’s or breast cancer, to name a few. But as for regulatory strategy, the company initially plans to go a route once used by Ancestry – order tests from a clinical network, rather than creating their own. That does allow the company to sidestep FDA approval of its algorithms at first (this process is regulated by the Centers for Medicare and Medicaid). In the meantime, the company plans to launch sometime around January 2022 and has plans to grow the team from three to six or seven members. “It’s an imminent inevitability that every person has the human genome sequence,” said Sadeghi.