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A Bubble Fit To Burst? China Genome Testing Firms Soar To New Heights

 
• By Brian Yang

A company set up five years ago is now worth billions and new funding keeps pouring into the white hot genome testing area in China, despite some observers warning that valuations are unjustified and the bubble is fit to burst.

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Investor interest in China's genomic testing companies appears to continue unabated, with Beijing-based NovoGene Co. the latest firm to have successfully raised CNY500m ($74.6m) in Series B financing from a consortium of investors.

Established in 2011 with subsidiaries in Tianjin and the US, NovoGene, like many other genome testing providers in China, uses imported sequencers to provide services ranging from noninvasive prenatal testing...

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• By Alaric DeArment

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