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Precision Therapeutics raises $43mm in new financing round

Executive Summary

Precision Therapeutics (develops tests that help predict drug response) raised $43mm in an undisclosed venture round led by new investor Longitude Venture Partners. Returning backers Adams Capital Management, Quaker BioVentures, Birchmere Ventures, Techno Venture Management, and Draper Triangle Ventures also participated. Precision will use the funds to develop and commercialize its ChemoFx drug response marker test for chemotherapy patients.
Deal Industry
  • Biotechnology
  • In Vitro Diagnostics
    • Chemistry, Immunoassay
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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