Complete Genomics seals $45M for cheaper gene sequencing
Complete Genomics, provider of supposedly cheaper and faster DNA sequencing services, has raised $45 million in a fourth round of funding — a huge amount for a biotech company in today’s economic environment. Based in Mountain View, Calif., the company says it will be able to sequence people’s genes in only a few days, and for the bargain price of $5,000.
Apparently, genetic companies are where it’s at in the life science market right now. Earlier… Continue Reading
The genomic frontier: Personalized medicine in action
[Editor's note: As we've reported, the economic downturn and frozen IPO market have been especially tough on health care companies. But that doesn't mean innovation has slowed across the board. Below, Clifford Reid, chief executive of genome sequencing company Complete Genomics, discusses the financial concerns and direction of one of the most buzzed about life science sectors.]
Individuals have enjoyed some access to their genetic information for a while now. They can use it to… Continue Reading
Complete Genomics and BioNanomatrix rev up the fast, cheap and out-of-control genome race
Things are starting to get crowded in the race to sequence entire human genomes quickly and relatively cheaply — usually meaning somewhere in the territory of $1,000 per genome, compared to the $100,000+ it costs with current technology. At least four startups have taken on the $1,000 genome challenge, two of which have already been acquired by larger companies. (See details at the end of the first item here.)
Last week, two relatively new venture-backed startups… Continue Reading
Complete Genomics raises second round for high-speed sequencing
See our story on this Mountain View, Calif., biotech in today’s daily briefing at VentureBeat Life Sciences.
Life sciences briefing: Friday, Sept. 21, 2007
Featured companies: CG Therapeutics, Complete Genomics, ConforMIS, Flexible Medical Systems, LeMaitre Vascular, MAP Pharmaceuticals, ParaPro, Vascular Architects, Zars Pharma
(UPDATED on 10/1/07: See below.)
[NOTE: Posting has been slow recently for personal reasons. I'll be doing my best to catch up today.]
Complete Genomics raises funding for high-speed sequencing — Complete Genomics, a Mountain View, Calif., developer of high-speed genome sequencing technology, said it raised an undisclosed sum in a second funding round, VentureWire reports (subscription required). The company said… Continue Reading