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Blood test for minimal residual disease in cancer patients will be accelerated by $35m Inivata financing Published: 08:45, 08 February 2021
A highly sensitive test for minimal residual disease (MRD) - which can lead to relapses for cancer patients - will be further developed by Inivata after it raised $35million (£25.7m) in a second close of a Series C financing round.
The liquid biopsy pioneer, based at the Babraham Research Campus and Research Triangle Park in North Carolina, USA, said it will accelerate the clinical development and roll-out of RaDaR, its personalised assay to detect and monitor MRD and recurrence.
Clive Morris, CEO at Inivata
Inivata Raises $35 million in Second Close of Series C Financing
February 04, 2021 07:00 ET | Source: Inivata Inivata
Inivata Raises $35 million in Second Close of Series C Financing
Funds will accelerate clinical development of RaDaR™ minimal residual disease assay and commercialization of InVisionFirst®-Lung
Research Triangle Park, NC, USA and Cambridge, UK, 4 February 2021 Inivata, a leader in liquid biopsy, today announces it has raised $35 million (£25.7 million) in a second close of a Series C financing round.
The round was led by Soleus Capital, who were joined by new investors including Janus Henderson Investors and Farallon Capital alongside existing investor IP Group. This latest funding takes the total raised in the Series C to $60 million and follows the $25 million invested by NeoGenomics, Inc (NASDAQ: NEO) in 2020, alongside the formation of a strategic collaboration with Inivata.
First Patients Tested with InVisionFirst®-Lung in EORTC Sponsored Phase II NSCLC Study
First Patients Tested with InVisionFirst®-Lung in EORTC Sponsored Phase II NSCLC Study
Inivata’s InVisionFirst®-Lung is being used for ctDNA testing and monitoring of patients treated with lorlatinib
Study
supported by a grant from Pfizer Inc.
Research Triangle Park, NC, USA and Cambridge, UK, 20 January 2021 – Inivata, a leader in liquid biopsy, today announces that the first patients have been tested using InVisionFirst®-Lung as part of the Phase II ALKALINE trial sponsored by the European Organisation for Research and Treatment of Cancer (EORTC). As part of the study Inivata’s InVisionFirst-Lung liquid biopsy will be used to test and monitor ALK positive non-small cell lung cancer (NSCLC) patients initiating treatment with lorlatinib, Pfizer Inc.’s third generation ALK inhibitor therapy.
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