PrognomiQ secures $34 million series D funding

6 November 2024

PrognomiQ has announced a series D financing round of $34 million, led by Seer (Nasdaq: SEER), bringing the firm’s total funding to over $135 million since its founding in September 2020.

The company plans to allocate the new funding towards its development of a blood-based early detection test for lung cancer. Initially intended as a lab-developed test, PrognomiQ aims to eventually offer this as an in vitro diagnostics (IVD) test.

Currently, the company is enrolling participants in a large-scale, 15,000-subject study for lung cancer screening, an effort launched in 2023 to build the foundation for IVD product registration.

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