Thursday, 25 May 2017

WuXi NextCODE closes a $75 million Series B financing

02 May 2017 | News

WuXi NextCODE, the contract genomics organization (CGO) building the global standard platform for genomic data, has closed a $75 million Series B financing from the company's existing investors and partners.

WuXi NextCODE, the contract genomics organization (CGO) building the global standard platform for genomic data, has closed a $75 million Series B financing from the company's existing investors and partners.

The financing was co-led by Temasek and Yunfeng Capital. Other investors include Amgen Ventures, a corporate venture capital fund established by Amgen Inc., and 3W Partners, a Greater China/cross-border focused private equity firm.

WuXi NextCODE will focus the use of proceeds from this round on advancing the commercialization of its consumer solutions for the China market; to further strengthen its global leadership position in informatics; and to expand its capabilities in artificial intelligence and deep learning.

WuXi NextCODE is building the world's leading genomic data platform, applying genome sequencing data at scale to improve human health and wellness around the world. The rapidly expanding business is serving the world's leading precision medicine initiatives as well as genome-driven diagnostics and wellness enterprises worldwide.

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