"Our ability to provide high-quality and comprehensive genomic testing results within 4-5 business days, often on specimens with a very limited amount of tumor, continues to elevate us in the market" said David Mallery, President and CEO. "This financing will help us to more broadly provide our solution to oncologists and patients. New Science Ventures' support also allows us to expand our cancer registry to build on the recent publication of our prospective clinical trial publication showing improved progression free survival."
PCDx is a comprehensive clinical-grade NGS-based test that is designed to provide physicians and patients with a more targeted, personalized approach to cancer treatment by identifying the underlying genomic and proteomic alterations of a tumors DNA, RNA & protein. The test interrogates the most relevant genomic targets at over 5,000x average depth of coverage with 76 therapeutic associations. Results are typically delivered in 4-5 business days.
Paradigm Diagnostics, Inc is a molecular information corporation established to bring comprehensive and clinically actionable cancer genomic profiling to physicians and patients. Paradigm's Next-Generation Sequencing based diagnostic test PCDx provides treating physicians and patients with more precise information about the specific cancer pathways in the tumor to allow for more effective decision-making. The PCDx test analyzes DNA, RNA by NGS and Protein by IHC to provide data on the molecular alterations driving the cancer and drugs that can directly impact therapeutic decision-making. Paradigm PCDx is driven by the supporting clinical data and literature with clinical reports delivered in 4-5 business days. For more information visit http://www.paradigmdx.com or visit us on Twitter @Paradigm_DX
About NEW SCIENCE VENTURES
New Science Ventures, LLC (NSV) is a leading venture capital firm focused on building companies that leverage breakthrough science to create extraordinary value. NSV invests in companies using science-based innovations to address market needs in Life Sciences (pharmaceuticals, biologics, medical devices, and diagnostics) and Information Technology (e.g., high-performance semiconductors, cellular infrastructure, sensor networks, enterprise software, and storage) sectors. NSV was founded in 2004 by Somu Subramaniam, Managing Partner, and Tom Lavin, Partner, and has invested approximately $500 million in early, mid- and late stage companies located in the U.S., Europe, India and China.
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