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Clearbridge BioMedics receives $6.6 mil in pre-IPO funding ahead of targeted 4Q launch

IPO

Clearbridge BioMedics receives $6.6 mil in pre-IPO funding ahead of targeted 4Q launch

Michelle Zhu Published on Thu, Jun 28, 2018 / 5:41 PM GMT+8

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SINGAPORE (June 28): Clearbridge BioMedics has announced $6.6 million in pre-initial public offering (IPO) funding from oncology medical professionals, as well as investors focused in healthcare & biotechnology.

The company expects to launch its IPO in 4Q18.

In a Thursday announcement, the clinical stage cancer diagnostics company says it intends to use its latest round of funds for business expansion, technology development, talent recruitment and IPO-related expenses to develop end-to-end cancer diagnostic tests.

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