DermTech, a San Diego skin cancer diagnostics startup, seems to be making up for lost ground from a scrapped $25 million IPO: It just filed a $20 million equity fundraise with the SEC.
The company develops biopsy-free gene classifiers and and expression tests to screen for dermatologic conditions like melanoma. It gathers samples in a noninvasive manner – using an adhesive patch as opposed to a scalpel to collect skin cells.
DermTech analyzes the RNA extracted from these skin tissue samples to determine the expression levels of genes associated with melanoma – and make the diagnosis.
With the Rise of AI, What IP Disputes in Healthcare Are Likely to Emerge?
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
The company, founded in 1995, withdrew its IPO filing last November. As of June 30, 2014 it had booked no revenue for that fiscal year.
[PHOTO: Flickr user Christiana Care]
