Genskey secures RMB50m in series B+ financing

Genskey announced that it has obtained RMB50 million in series B+ financing round joined by Fortune Capital and Legend Capital. The proceeds will be mainly used to develop a new generation of pathogen diagnostic products and clinical trials. The company has just completed a series B financing with millions of yuan at the end of 2019.

Genskey announced that it has obtained RMB50 million in series B+ financing round joined by Fortune Capital and Legend Capital. The proceeds will be mainly used to develop a new generation of pathogen diagnostic products and clinical trials. The company has just completed a series B financing with millions of yuan at the end of 2019.

Genskey specializes in the development of infection diagnostics products and provides medical testing services. At present, the company’s main high-throughput gene detection product, GenseqPM, uses second-generation sequencing genome methods to provide doctors with genetic testing services for pathogenic microorganisms.

Since its establishment, Genskey has grown rapidly and served more than 100 hospitals, more than 1,000 doctors, and more than 10,000 patients. The company has assisted more than 10 central hospitals across the country to build and operate high-throughput detection platforms for pathogens.

On the evening of January 20, 2020, Genskey issued an announcement to launch the “2019-nCoV Novel Coronavirus Nucleic Acid Test Kit”. The company also expressed its willingness to further cooperate with the clinical and disease control public health systems to evaluate and apply the product (nested RT-PCR fluorescent probe method) to contribute to epidemic prevention.

In addition, Genskey’s flagship product, GenseqPM, also incorporates genetic information for this new pathogen, which can be used to identify coronavirus typing in high-throughput screening of pathogens.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/05/genskey-secures-rmb50m-in-series-b-financing/.

Leave a Reply

Please Login to Comment