SomaLogic completes $200M financing round

Protein analysis company SomaLogic Inc. (Boulder, Colo.) said it completed a $200 million tranched financing round led by iCarbonX. Nan Fung Life Sciences and Madryn Asset Management also participated.

SomaLogic's SOMAscan technology can measure 5,000 proteins in a single sample for biomarker discovery. The technology has applications for developing personalized diagnostics and therapeutics. The company has used SOMAscan to measure over 150,000 samples across more than 50 indications, with plans to analyze an additional 1 million samples by the end of 2020...