Latest news with #PillarBiosciences
Yahoo
27-05-2025
- Business
- Yahoo
Pillar Biosciences Raises $34.5M in Funding
NATICK, Mass., May 27, 2025 /PRNewswire/ -- Pillar Biosciences, Inc., the leader in Decision Medicine™, today announced they have finalized $34.5M in funding, including a strategic investment from Illumina, structured financing from Soleus Capital and investments from existing investors. Proceeds from this financing will be leveraged to advance Pillar's commercial activities including headcount and infrastructure to support biopharma partnerships and expand adoption of its distributable clinical testing kits. "We are very pleased with our commercial growth over the past few years," said Gang Song, Founder and Executive Chairman of Pillar Biosciences. "We look forward to using this latest capital infusion to drive additional top-line growth as we move closer towards profitability." The financial investment by Illumina further reinforces its strong partnership with Pillar which includes previous agreements announced in 2017 and 2023. "Pillar Biosciences has become an important strategic partner to enable Illumina to provide an expanded menu of research and clinical NGS solutions, accelerating access to precision oncology," " said Ashley Van Zeeland, vice president of Corporate Development Illumina. "Pillar's rapid NGS targeted sequencing panels alongside Illumina's state-of-the-art sequencing and bioinformatics solutions delivers rapid, cost-effective genomic profiling of tumors, which is critical to advancing personalized therapy globally." "Access to rapid NGS testing solutions is critical to advancing precision medicine in oncology. We see Pillar's technology as a market leader, helping laboratories across the globe more effectively streamline and consolidate their molecular testing platforms, enabling faster time to results," said Benjamin Lund from Soleus Capital. "Pillar has demonstrated strong commercial growth over the past few years, including multiple biopharma collaborations." About Pillar Biosciences Pillar Biosciences is the leader in Decision Medicine™, which is the utilization of highly accurate and sensitive next-generation sequencing (NGS) testing technology to generate data that optimizes selection of precision therapies for cancer patients, from tumor profiling to therapy selection, and recurrence monitoring. Pillar's NGS testing solutions are powered by its proprietary SLIMamp® and PiVAT® technologies, helping to localize the testing process, reduce diagnostic costs and improve access and efficiency of complex NGS testing for clinicians, prescribers, and patients globally. The company has more than 20 NGS testing kits available in IVD or RUO formats, with multiple panels in various stages of development. Pillar Biosciences has operations in Natick, MA. For more information visit and connect with us on LinkedIn. View original content to download multimedia: SOURCE Pillar Biosciences, Inc.
Yahoo
13-02-2025
- Business
- Yahoo
GenomOncology and Pillar Biosciences Announce Co-Marketing Partnership to Advance Rapid Precision Oncology Solutions
CLEVELAND and CAMBRIDGE, Mass., Feb. 13, 2025 /PRNewswire/ -- GenomOncology, a precision medicine software company, and Pillar Biosciences, a leader in Decision Medicine™, today announced a co-marketing partnership aimed at advancing precision oncology care. The collaboration will integrate GenomOncology's cutting-edge clinical decision support platform with Pillar's research-use-only (RUO) targeted Next Generation Sequencing (NGS) panels to enable healthcare providers with comprehensive workflows to advance personalized cancer insights. This collaboration aims to provide personalized and effective cancer treatment guidance by integrating genomic data through GenomOncology's Pathology Workbench reporting, enabling a seamless workflow from the NGS sequencer to the report. Together, the companies will leverage genomic data, enabling healthcare providers to advance informed decisions based on the unique genomic profiles of individual patients. By combining their expertise, GenomOncology and Pillar Biosciences are committed to optimizing and accelerating the use of genomic data to support precision medicine in oncology, while streamlining the implementation of their respective and now integrated solutions. "Partnering with Pillar Biosciences will allow us to enhance our offering and provide clinicians with an integrated, data-driven sample to answer approach to precision cancer management," said Garreth Hippe, Chief Commercial Officer of GenomOncology. "This collaboration enables us to provide more comprehensive, actionable insights for cancer care, empowering healthcare providers to make better, more informed decisions." "We are excited to collaborate with GenomOncology to further expand our portfolio and provide complete solutions to researchers and treating clinicians," said Dan Harma, Chief Commercial Officer of Pillar Biosciences. "By combining our next-generation sequencing capabilities with their decision support platform, we can help deliver more rapid personalized cancer data that may help improve oncology patient management." About GenomOncologyGenomOncology is a precision medicine software company that provides the healthcare community with data-driven insights to improve care. GenomOncology strengthens precision medicine and oncology programs by transforming valuable but unusable data into actionable oncology treatment options and strategic insights. GenomOncology's Precision Oncology Platform (POP) powers its comprehensive set of end-to-end software solutions that enhance decision support. POP combines both proprietary content and public and licensed data sets with your internal patient data to provide the information necessary to improve patient outcomes. Learn more at About Pillar BiosciencesPillar Biosciences is the leader in Decision Medicine™, which is the utilization of highly accurate and sensitive next-generation sequencing (NGS) testing technology to generate data that optimizes the selection of precision therapies for cancer patients, from tumor profiling to therapy selection and recurrence monitoring. Pillar's NGS testing solutions, including oncoRevealTM CDx pan-cancer solid tumor IVD, currently under review by FDA, are powered by its proprietary SLIMamp® and PiVAT® technologies, and decentralize the testing process, reducing diagnostic costs and improving access and efficiency of complex NGS testing for clinicians, prescribers, and patients globally. The company has more than 20 NGS testing kits available in IVD or RUO formats, with multiple panels in various stages of development, including a tumor-informed MRD assay. Pillar Biosciences has operations in Natick, MA. For more information visit and connect with us on LinkedIn. Media Contacts: For GenomOncology:Phone: (440) 617-6087Email: info@ For Pillar Biosciences:Brian Wright Chief Marketing Officer Phone: (602) 540-9522Email: wrightb@ View original content to download multimedia: SOURCE GenomOncology Sign in to access your portfolio
