Pillar Biosciences, an NGS clinical cancer diagnostics company, today announced the closing of a $29.7 million Series C preferred stock financing. The financing will accelerate the expansion of Pillar’s in vitro diagnostic and research use only panels and advance Pillar’s global commercial outreach.
Pillar’s flagship technology, SLIMamp® target enrichment chemistry, enables automatable amplification of overlapping amplicons in a single tube from as little as 2.5ng DNA in less than 8 hours. Pillar’s complementary PiVAT® bioinformatics platform enables variant calling down to 1% VAF for virtually every type of variant with minimal computing resources and processing time.
For precision medicine to become widely accessible, pathologists need streamlined NGS workflows that deliver timely results, especially for first line cancer therapies. Pillar Biosciences’s technology and products focus on providing pathologists with productive solutions so that precision medicine can become the norm.
Recently, a Pillar custom product received approval from New York State Department ...
