Mirvie announced it raised $60 million in Series B funding led by Decheng Capital, which will help fund a 10,000-person clinical trial to validate Mirvie’s technology as it moves towards commercialization.
Mirvie cofounder and CEO Maneesh Jain, chief medical advisor Michal Elovitz and cofounder and scientific advisory board chair Stephen Quake.will have a potentially fatal high blood pressure condition known as preeclampsia. It will be three times more likely to kill Black mothers than white ones. And the main tools to identify who’s at risk haven’t changed in decades: a checklist of risk factors and a blood pressure cuff.
The investors are backing a team with a proven track record in the liquid biopsy space. Quake, 52, a bioengineering professor at Stanford and president of the Chan Zuckerberg Biohub Network, has invented new sequencing technologies and diagnostic tools, including the first non-invasive prenatal test for Down syndrome. He chairs Mirvie’s scientific advisory board.
“Doctors simply can't identify today who is at risk for these conditions early in the pregnancy. And if you can't identify who's at risk, then you're not able to effectively deploy the interventions at your disposal,” says Jain. “As a result, we find ourselves in this place for pregnancy health that is stuck in this reactive mode.”
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