On June 1, Crail, a cancer screening company based in Menlo Park, Calif., and Cirina, the father of NIPT (non-invasive DNA prenatal testing), reached a final agreement to focus on early detection of cancer.
Founded in 2016, Grail was founded by Illumina and ARCH Venture Partners with a $100 million investment in the early screening of cancer through simple blood tests. Also involved in the investment were Bill Gates, Bezos Expeditions, and Sutter Hill Ventures. In March of this year, Grail announced the completion of the first round of round B financing, financing amount of 900 million US dollars, the first round of round of financing by ARCH Venture Partners and Johnson & Johnson Innovation (Johnson) joint venture, Amazon (Amazon), Bristol-Myers Squibb (Bethtime Squibb), Celgene, McKesson Ventures, Merck, Tencent Holdings Limited (Tencent) and Varian Medical Systems.
Cirina was founded in 2014 by Professor Dennis Lo and his colleagues, Professor Rosa Chiu and Allen Chan, from the Chinese University of Hong Kong (CUHK) in the field of non-invasive molecular diagnostics and screening. The main investor, Decheng Capital, co-founded. The company is headquartered in Hong Kong and the research team is located in Hong Kong and South San Francisco, California. The company plans to use technology developed by Professor Lu Yuming to detect and analyze circulating free DNA (cfDNA) to develop non-invasive techniques for early detection of cancer and other diseases such as autoimmune diseases.
Cirina co-founder Lu Yuming
Professor Lu Yuming is the first scientist in the world to discover fetal free DNA in the blood of pregnant women. Professor Lu, Professor Zhao and Professor Chen have made significant contributions to the use of plasma nucleic acids for the detection of cancer and other diseases. Professor Lu has won numerous awards for his discovery and contribution in the field of non-invasive blood diagnostics, including the Life Sciences Awards for the 2016 Future Science Awards. Professor Lu is a foreign academician of the American Academy of Sciences and a member of the Royal Society.
GRAIL CEO Jeff Huber
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