Cyted Health raises $44M for cancer detection tech

UK-based Cyted Health has raised $44M in a Series B round to accelerate their mission of transforming early cancer detection. The round was co-led by EQT Life Sciences, Advent Life Sciences, and British Business Bank, with continued support from Morningside. 💊 Cyted’s flagship product, 𝐄𝐧𝐝𝐨𝐒𝐢𝐠𝐧, is a swallowable capsule device cleared by the FDA in early 2024 that enables non-invasive collection of esophageal cells. The company is also advancing a molecular diagnostic for Barrett’s esophagus and esophageal cancer, leveraging this technology. The funding will fuel: - Expansion of commercial operations in the US. - Consolidation of commercial activities in the UK. - Growth of its diagnostics portfolio. 🤝 Congrats Marcel Gehrung and the team. Keep an eye out for key hiring plans over the next quarter...! #Oncology #Diagnostics #LifeSciences

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Impressive round from top-tier investors. Cyted's strategy is brilliant: combining a proprietary device with its molecular diagnostics creates a powerful recurring revenue model and a significant competitive moat. A great case study in how enabling technology is key to unlocking early detection. It's always a pleasure to see high-growth companies executing this well. Congrats to the team!

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