360° Coverage : Genapsys, Inc. Raises $37M to Commercialize Next Generation...

11 Updates

Genapsys, Inc. Raises $37M to Commercialize Next Generation Sequencing Platform

Nov 14 2013, 7:02am CST | by PR.com

Redwood City, CA, November 14, 2013 --(PR.com)-- GenapSys™, Inc. (GenapSys), a provider of Next Generation Sequencing (NGS) systems, today announced it has raised $37M to commercialize the...

Filed under: news

YouTube Videos

 
 
 

48 weeks ago

Genapsys, Inc. Raises $37M to Commercialize Next Generation Sequencing Platform

Nov 14 2013, 7:02am CST | by PR.com

Redwood City, CA, November 14, 2013 --(PR.com)-- GenapSys™, Inc. (GenapSys), a provider of Next Generation Sequencing (NGS) systems, today announced it has raised $37M to commercialize the GENIUS™ 110 system (Gene Electronic Nano-Integrated Ultra-Sensitive), a fully integrated DNA Sequencing system for the rapidly evolving NGS market.

The Series B financing includes new investors Yuri Milner, Stanford StartX Fund, and numerous private and institutional investors with life sciences expertise, alongside existing investors Decheng Capital and IPV Capital.

Dr. Esfandypour, GenapSys Founder and CEO, made the following statement: “The power of genomics is vast and far reaching – in our lifetime we will see genomics feed the world’s population through optimizing crop yield, we’ll see genomics ensure enhanced security through accurate identification, and we’ll see genomics elevate our understanding and knowledge about the world in which we live. I believe the revolutionary genomic solution that we have been developing at GenapSys will generate a quantum leap forward to a better, more informed and healthier future. With this financing and the strong backing of our investors, we now have all the pieces in place to deliver on the commercial promise of the GENIUS System and realize a 100x improvement in cost and efficacy as compared to existing technologies on the market.

About GenapSys Inc.
GenapSys, headquartered in Redwood City, CA, is a venture backed privately-held company that has created, developed and is producing a market disrupting Genomic Testing system. GenapSys’s advisory board includes among others, Ron Davis, Director of Stanford Genome Technology Center, George Church, Professor of Genetics at Harvard Medical School, Eric Topol, Director of the Scripps Translational Science Institute, and Mike Snyder, Director of Stanford Center for Genomics and Personalized Medicine. The company’s first product, the GENIUS™ 110 System, will enable customers to replace an expensive and time-consuming sample preparation and sequencing bottleneck with a streamlined workflow for Next Generation Sequencing. Its patented GENIUS system integrates advanced fluidics and analytical capabilities to produce sample-to-answer performance for DNA and RNA sequencing, while dramatically reducing capital and operating expenses. For more information, visit www.GenapSys.com.

Contact Information:
Genapsys Inc.
Howard Goldstein
925-301-1096
Contact via Email
www.genapsys.com

Read the full story here: http://www.pr.com/press-release/527762

Press Release Distributed by PR.com

Source: PR.com

 
Update
11

2 days ago

Rio tells investors to expect cash

Oct 14 2014 11:57pm CDT | Source: NEWS.com.au

RIO Tinto looks committed to returning extra share to shareholders as it tries to fend off criticism from WA's premier and would-be suit ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
10

2 days ago

Vodacom targets growth of data

Oct 14 2014 11:17pm CDT | Source: Business Day

The company is spending R9bn to expand and upgrade its network with the aim of having a faster broadband network everywhere there is a voice network ...
Source: Business Day   Full article at: Business Day
 

 
Update
9

2 days ago

Energy fund’s irregular spending soars

Oct 14 2014 10:59pm CDT | Source: Business Day

The auditor-general recommends the Central Energy Fund’s board comply with relevant legislation, and establish an independent review sys ...
Source: Business Day   Full article at: Business Day
 

 
Update
8

3 days ago

Great Northern mill auction delayed one week

Oct 14 2014 9:49pm CDT | Source: Sun Journal

EAST MILLINOCKET — A court-approved auction of Great Northern Paper Co.’s real estate and buildings originally set for Wednesday will be delayed a week while a bankruptcy trustee works to untangle the mill’s complex ownership structure, officials said Tuesday. Acting on ...
Source: Sun Journal   Full article at: Sun Journal
 

 
Update
7

3 days ago

Labor Unions Endorse Democrat For Pennsylvania Governor

Oct 14 2014 8:36pm CDT | Source: The Daily Caller

See how much money they are spending on the r ...
Source: The Daily Caller   Full article at: The Daily Caller
 

 
Update
5

3 days ago

DealBook: AbbVie to Reconsider Inversion Deal for Shire

Oct 14 2014 7:45pm CDT | Source: NewYorkTimes-Business Day

The drug maker AbbVie disclosed on Tuesday evening that its board plans to reconsider recommending that shareholders vote in favor of its $54 billion takeover of its Irish ...
Source: NewYorkTimes-Business Day   Full article at: NewYorkTimes-Business Day
 

 
Update
4

3 days ago

AbbVie Reconsiders Merger Pact With Shire

Oct 14 2014 7:41pm CDT | Source: WSJ.com: Asia Home

AbbVie has notified Shire that its board intends to reconsider its recommendation that AbbVie shareholders adopt the co ...
Source: WSJ.com: Asia Home   Full article at: WSJ.com: Asia Home
 

 
Update
3

3 days ago

Dick Smith unveils expansion plans

Oct 14 2014 7:08pm CDT | Source: NEWS.com.au

DICK Smith tells its shareholders it plans to open 20 new stores a year over the next few years, and to have 10 per cent of ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
2

3 days ago

3 Reasons Why Garmin Ltd. Is Not a Top Dividend Stock

Oct 14 2014 6:00pm CDT | Source: Fool.com

As much as shareholders appreciate the payouts, Garmin has more progress to make before joining the ranks of top divide ...
Source: Fool.com   Full article at: Fool.com
 

 
Update
1

3 days ago

The $30M Miami Penthouse: Oceana Developer Costantini Doesn't See A Real Estate Bubble

Oct 14 2014 4:53pm CDT | Source: Forbes Real Time

Argentine developer Eduardo Costanitini is behind two mega-projects in Miami, Oceana in Key Biscayne and Bal Harbour. The developer doesn't see a real estate bubble, and is confident they'll be able t ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Toyota recalls Lexus vehicles in China
Beijing, Oct 18 (IANS) Toyota Motor China Investment Co. Ltd. will recall 1,880 imported Lexus vehicles in China due to fuel leakage risks starting from Nov 14.
 
 
Mexico bars cruise ship from docking fearing Ebola risk
Mexico City, Oct 18 (IANS) Mexican authorities Friday banned a cruise ship from docking off the coast of Cozumel Island, citing Ebola concerns.
 
 
EU, Russia, Ukraine to hold meeting on gas dispute
Brussels, Oct 18 (IANS) The European Union(EU) said Friday a trilateral meeting on gas supply between the EU, Russia and Ukraine was scheduled for Tuesday in Brussels.
 
 
US hospital worker handled Ebola samples isolated on ship
Washington, Oct 18 (IANS) A health worker at a Texas hospital, who may have had contact with specimens from the first patient diagnosed with Ebola on the US soil, has been isolated on a cruise ship in the Caribbean sea, the Department of State said Friday.
 
 
 

Latest from the Network

Bush shoe-tossing painting hits record at Doha auction
Doha, Oct 15 (IANS/EFE) A controversial painting by Iranian artist Mahmud Obaidi, depicting an Iraqi journalist throwing shoe in 2008 at then US president George W. Bush, was sold for $62,500 at a Sotheby's auction in...
Read more on Celebrity Balla
 
US offers $45 mn bounty for eight terror leaders
Washington, Oct 15 (IANS) The US said Tuesday it is offering rewards totalling up to 45 million dollars for information on eight key leaders of the Al Qaeda in the Arabian Peninsula (AQAP) terrorist organisation. The...
Read more on Politics Balla
 
UNSC extends peacekeeping mission's term in Abyei
United Nations, Oct 15 (IANS) The UN Security Council (UNSC) has renewed the mandate of the UN peacekeeping mission in the Abyei border region between Sudan and South Sudan. In an unanimously adopted resolution, the...
Read more on Politics Balla
 
Ebola cases in West Africa could reach 10,000 per week: WHO
Geneva, Oct 15 (IANS) The World Health Organisation (WHO) has warned that the Ebola epidemic in West Africa could reach 5,000 to 10,000 cases per week by the first week of December. "Quite frankly, ladies and...
Read more on Business Balla
 
Turkey, Singapore sign strategic partnership agreement
Ankara, Oct 15 (IANS) Turkey and Singapore have signed a strategic partnership agreement to boost economic, political and cultural cooperation, as well as security collaboration, during the official visit of...
Read more on Politics Balla
 
Christina Aguilera is returning to 'The Voice' USA
Christina Aguilera will return to 'The Voice' USA next year. The 'Your Body' hitmaker, who previously shared a rotating spot on the judging panel with Shakira, has been replaced by Gwen Stefani this season as she is...
Read more on Celebrity Balla
 
Kesha's music producer hits back
Kesha is being countersued by her record company boss, Dr. Luke. The 41-year-old music producer, who runs Kemosabe Records, claims the 27-year-old 'Tik Tok' singer is a liar and is trying to extort him after she accused...
Read more on Celebrity Balla
 
Jason Derulo won't get back together with Jordin Sparks
Jason Derulo insists his split from Jordin Sparks is permanent. The 'Talk Dirty' hitmaker, who recently ended his relationship with the 'No Air' singer after three years of dating, has ruled out getting back together...
Read more on Celebrity Balla
 
Josh Groban feels 'very lucky' to be dating Kat Dennings
Josh Groban feels ''very lucky'' to be dating Kat Dennings. The 'Brave' hitmaker was very nervous before singing in front of the '2 Broke Girls' actress for the first time at the Carousel of Hope Ball in Beverly Hills,...
Read more on Celebrity Balla
 
Australian Richard Flanagan wins 2014 Man Booker prize
London, Oct 15 (IANS) The first Man Booker prize to allow American nominees was Tuesday night won by an Australian, with Richard Flanagan triumphing for a novel of love and war that tells the harrowing stories of...
Read more on Celebrity Balla