BioCentury
ARTICLE | Financial News

On-Q-ity raises $21 million

November 3, 2009 11:55 PM UTC

On-Q-ity Inc. (Waltham, Mass.) raised $21 million in a series A round led by Mohr Davidow Ventures (MDV). Bessemer Venture Partners; Physic Ventures; and Northgate Capital also participated. On-Q-ity is developing diagnostics using its circulating tumor cell (CTC) detection technology and DNA repair tumor biomarkers to determine cancer treatment. The company expects to launch its first diagnostic by the end of next year or early 2011. Mohr Davidow's Sue Siegel, Bessemer's Steve Kraus and Physic's Dion Madsen will join On-Q-ity's board. ...