Spotlight On... Quanterix raises $46M in Series D round, but no mention of an IPO; Morphotek cutting 27 jobs; Blend spins out Placon; and more...

Molecule testing and diagnostics firm Quanterix Corporation has secured $46 million in Series D funding from both new and existing investors, adding to the $54 million it's raised in previous rounds. The Lexington, MA-based company has recently said it would consider an IPO, but did not discuss any plans to do so in its latest release--likely because of the current shaky financial environment. The new money will go towards the launch of desktop instruments in 2017 as well as the development of 60 new assays by the end of the year, while also looking to further its global reach. It currently focuses on oncology, neurology, inflammation, immunology, cardiac and infectious diseases. Report

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