Freenome

Freenome

Biotechnology company for early cancer detection

About

Freenome focuses on improving cancer detection through advanced blood tests. The company uses a multiomics approach, analyzing various biological data types, including genomics and proteomics, to find cancer markers in blood samples. This method allows for non-invasive early detection of cancer, which is crucial for effective treatment. Freenome differentiates itself from competitors by its unique combination of data analysis techniques and its commitment to clinical trials and research collaborations, which enhance the reliability of its tests. The goal of Freenome is to provide healthcare providers and research institutions with accurate diagnostic tools that can lead to earlier cancer detection, ultimately improving patient outcomes.

Company Stage

Late Stage VC

Employees

201-500

Industries

Biotechnology, Healthcare

Total Funding

$1B

Headquarters

San Francisco, California

Founded

2014


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Simplify's Take

What believers are saying

  • Recent $254 million funding boosts clinical programs and platform expansion.
  • Partnership with Walgreens enhances clinical trial diversity and patient recruitment.
  • PROACT LUNG study positions Freenome as a leader in lung cancer diagnostics.

What critics are saying

  • Employee layoffs may affect morale and innovation efforts.
  • Integration of Oncimmune Ltd. could divert focus from core projects.
  • Competitive landscape in cancer detection may impact Freenome's market share.

What makes Freenome unique

  • Freenome uses a unique multiomics approach for early cancer detection.
  • The company focuses on non-invasive blood tests for cancer screening.
  • Freenome's platform designs personalized health conditions based on cell-free genome analysis.

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Growth & Insights
Headcount

6 month growth

-3%

1 year growth

2%

2 year growth

2%

Benefits

Competitive market-based salaries

Annual bonus opportunities

Relocation packages

Medical, dental, & vision coverage

401k

Wellness programs

Equity

PTO

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