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Freenome Raises $270M In Series C, Accelerates Trial For Colorectal Cancer Test

 
• By Marion Webb

Funding will accelerate an FDA registrational study of the company's first liquid biopsy product, as competition increases in early cancer detection.     

Freenome Lab Employee

Freenome, which has developed a blood test for early detection of colorectal cancer, announced on 26 August it has raised $270m in a series C financing round, bringing the total funding to more than $500m since it was founded in 2014. The South San Francisco, CA-based privately held company said it will use the proceeds to accelerate the PREEMPT CRC clinical trial, which will enroll 14,000 participants.

The company’s CEO, Gabe Otte, said in a statement that Freenome had to “adapt our clinical trial during the COVID-19 pandemic to meet the needs of patients, as many elective...

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