The firm is focused on personalised cancer treatment planning through the development of innovative tests that effectively predict the chance of recurrence in patients.
OncoStem will use the funds to deepen its research and development efforts, develop effective tests for oral, brain and colon cancer and automate these tests, it said in a statement here.
The company plans to expand its presence in the country and introduce the tests in new markets in Asia as well as Europe, it added.
OncoStem's flagship product is 'CanAssist-Breast'. In addition to CanAssist-Breast, OncoStem plans to launch another breakthrough test for patients suffering from Triple-Negative Breast Cancer (TNBC), it said.
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