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WuXi NextCODE to Sequence 400,000 Irish Genomes in $400 Million Study; Closes $200 Million C Round

publication date: Nov 27, 2018

WuXi NextCODE announced plans for a $400 million genomics database based on sequencing the genomes of 400,000 Irish citizens -- 10% of the population. As part of the effort, WuXi will acquire Genomics Medicine Ireland (GMI) of Dublin, which will become its European headquarters. NextCODE also closed a $200 million Series C financing led by Ireland Strategic Investment Fund (ISIF), which contributed $70 million of the round. Previously, ISIF was the lead shareholder in GMI. The project will eventually add 600 jobs to GMI/NextCODE's Dublin facilities. More details....

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