Tech Company Financing Transactions
Mercy BioAnalytics Funding Round
Novalis LifeSciences, American Cancer Society and BrightEdge participated in a $41 million Series A funding round for Mercy BioAnalytics. The financing round was announced on 4/3/2023.
Transaction Overview
Company Name
Announced On
4/3/2023
Transaction Type
Venture Equity
Amount
$41,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to advance development and commercialization of its search Halo test, for high-risk lung cancer screening, its lead clinical indication, and to advance clinical programs in additional indications, including ovarian cancer.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
22 Strathmore Road 415
Natick, MA 01760
USA
Natick, MA 01760
USA
Phone
Undisclosed
Website
Email Address
Overview
Mercy BioAnalytics is on a mission to save lives and relieve suffering across the globe through the early detection of cancer. We have developed a novel liquid biopsy assay platform which interrogates tumor-derived extracellular vesicles, which are abundant in blood and carry information about their cell of origin, enabling detection of cancer even in at the earliest stages.
Management Team
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