ARTICLE | Financial News

Genomics Ltd. raises L10.3 million

November 27, 2014 1:56 AM UTC

Sequencing analytics play and University of Oxford spin-out Genomics Ltd. (Oxford, U.K.) raised L10.3 million ($16.1 million) in its "first significant" round of funding, according to CEO John Colenutt. New investors Invesco Perpetual; Lansdowne Partners; Woodford Investment Management and the Wylie Family Trust participated in the untranched round alongside existing shareholders IP Group and the University of Oxford.

Founded by Oxford statistics professors Peter Donnelly and Gil McVean, Genomics plans to partner with pharmaceutical companies interested in using its genome sequencing data analytics platform during drug development. ...