Cellective raises $5M bridge for cancer diagnostics

Cellective Dx announced that it brought in a $5 million bridge to a $25 million second round of funding. The Mountain View, Calif.-based company will use the money to continue development of cancer diagnostic tools that analyze tumor cells in blood. The method is supposed to help doctors determine the best course of treatment.

The funding is expected to last through the end of 2010. That’s enough to span two more commercialized tests of the products,… Continue Reading