New Oncology finances its Genetic Test for Cancer Diagnosis

17/03/2015 - 2 minutes

New Oncology completed a financing round to prepare the market launch of NEOliquid, a non-invasive blood test that identifies therapeutically actionable genome alterations in the circulating free tumor DNA (ctDNA) of cancer patients.

New Oncology’s pan-cancer diagnostic platform NEOplus reliably detects actionable genome alterations from one single patient sample with short turn-around times. In contrast to conventional testing, NEOplus identifies all types of therapeutically relevant alterations, i.e. mutations, amplifications, insertions/deletions, as well as known and novel translocations, from the smallest quantities of routine tumor specimens. New Oncology works with a tumour board comprising renowned cancer experts, facilitating translation of the latest targeted therapy findings into optimized patient care.

NEOliquid test allows detection not only of mutations, but also of therapeutically relevant gene fusions (e.g. affecting ALK, ROS or RET kinases) with the highest sensitivity and confidence. Existing shareholders as well as additional investors participated in this financing round. Financial details were not disclosed.

We are excited about the prospect of identifying therapeutically relevant genome alterations without the need to perform painful biopsies.

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