July 24, 2019

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Durham biotech startup Baebies adds $6M to funding round


Baebies, a biotech startup developing products and services for newborn screening and pediatric testing, has raised nearly $6 million, raising its latest funding round to more than $18.7 million.

The Durham-based company raised the funds from 135 investors, according to the recent SEC filing.

The round is capped at $19 million, with $238,778 remaining to be sold to meet its goal.

The funding news is another sign that Baebies continues on its upward track.

Baebies’ products include SEEKER, a FDA cleared and CE marked newborn screening platform for lysosomal storage disorders, and FINDERTM, a near patient pediatric testing platform that is still under development and not available at this time for sale or use in any territory.

WRAL TechWire photo

Talking strategic partnerships: Bill Wofford, Debra Miller, Richard West and Chris Pendland at LaunchBio’s Invest in Cures forum.

Last year, WRAL TechWire reported that Baebies had formed a three-year strategic partnership with California non-profit, CareDucenne, potentially worth millions. It also raised another $12.3 million in equity that same year.

 

Read the full story here

 

[Originally posted by WRALTECHWIRE — July 23, 2019]