BioCentury
ARTICLE | Financial News

CancerGuide raising $10.5 million

February 5, 2010 1:51 AM UTC

CancerGuide Diagnostics Inc. (Durham, N.C.) raised an undisclosed amount in the first tranche of a planned $10.5 million series A round. The tranche was co-led by Hatteras Venture Partners and Intersouth Partners. Laboratory Corporation of America Holdings (NYSE:LH) and Osage Partners also participated in the financing.

CancerGuide also partnered with LabCorp to develop and commercialize CancerGuide's molecular cancer diagnostics. Both companies will participate in development of the diagnostics, which will help determine the most appropriate treatment for cancer patients. Further terms were not disclosed. ...