Prognostics Completes $100 Million Series E Financing
Summary
“I am also very pleased to welcome three new directors to Sera’s board, who I believe add strong complementary skills to Sera’s supervisory leadership: Marcus Wilson, Chief Analytics Officer of Anthem, Elizabeth Canis, Anthem’s Vice President of Emerging Markets & Partnerships, and Joe Siletto, Managing Director of Vivo Capital. “We are particularly pleased to partner with an innovator in maternal and child medicine, where fundamental progress has the potential to effect short-term and life-long improvements in the health of mothers and babies,” said Joe Siletto, Managing Director of Vivo Capital. “Sera’s approach is transformative in translating proteomic biologic signals into meaningful clinical actions in pregnancy.” About Sera Prognostics, Inc. Sera Prognostics is a leading women’s health company utilizing our proprietary proteomics and bioinformatics platform to discover, develop and commercialize clinically meaningful and economically impactful biomarker tests, with an initial focus on improving pregnancy outcomes. Prematurity is associated with a significantly increased risk of major long- term medical complications, including learning disabilities, cerebral palsy, chronic respiratory illness, intellectual disability, seizures, and vision and hearing loss, and can generate significant costs throughout the lives of affected children. The annual health care costs to manage short- and long-term complications of prematurity in the United States were estimated to be approximately $25 billion for 2016.