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Exosome Diagnostics announce the initial close of its Series B financing round with the raising of $27 million.Key Points:Co-leading the financing were new invest
newbalance 530 ors QIAGEN and Arcus VenturesNew participating investors included Tiger Partners L.P. (an investment vehicle managed by Julian H. Robertson, Jr.), CD Ventures and Monashee CapitalExisting participating investors included NGN Capital and Forbion Capital PartnersSteven Soignet, M.D., general partner at Arcus Ventures and former faculty member at Memorial Sloan Kettering Cancer Center, to join Exosome's Board of DirectorsUse of proceeds will include:1.Launch of the first clinical diagnostic product in the U.S. planned for 2014; EXO106 is a diagnostic test using a non-invasive urine sample which could potentially reduce the number of unnecessary prostate biopsies in patients with an elevated PSA2.Development under an expanded collaboration
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