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$168M Raised: Caris Life Sciences Fuels Precision Medicine Revolution

Caris Life Sciences, a biotechnology firm, has secured $168 million in growth capital. This brings their total funding to $1.86 billion since 2018. The latest round was led by Braidwell LP, with new investors Perceptive Advisors, Woodline, and Ghisallo participating. Millennium Management and First Light Asset Management also joined the funding round. Caris specializes in pathology and molecular profiling for cancer diagnosis and treatment, utilizing AI and machine learning to guide physicians. The funds will be used to expand their precision medicine platform. In 2023, Caris expanded its partnership with ConcertAI, creating a database to advance precision medicine, clinical trials, and therapeutic development. Other companies like ImpriMed and Pfizer are also advancing precision medicine in oncology, with ImpriMed focusing on blood cancers and Pfizer collaborating with Tempus on AI-driven drug discovery.

Source: www.mobihealthnews.com

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