Applied Proteomics Raises $28M to Commercialize Colon Cancer Detection Method
San Diego-based Applied Proteomics raised $28 million from investors during a recent series C round of fundraising, according to a Med City News report.
The company will use the funds to commercialize a biomarker for colon cancer. Applied Proteomics' system looks at activity patterns in the proteins encoded by a person's genome rather than just the genome alone to detect early signs of cancer.
The $28 million contribution came from Genting Berhad, an investment holding company in Malaysia, as well as existing investors.
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