Henri Termeer served as Chairman, President and CEO of Genzyme Corporation until July 2011. During his 27 year tenure, Genzyme introduced numerous innovative therapeutics and diagnostics for genetic disease and cancer. "The development and use of targeted cancer therapies requires understanding each patient's tumor at a molecular level," said Mr. Termeer. "NanoString's technology provides an invaluable tool in cancer research and drug development, and has the potential to enable a globally scalable approach to personalized medicine."

"This financing has brought both growth capital and a constellation of healthcare leaders into NanoString's orbit," said Brad Gray, President and CEO of NanoString Technologies. "We look forward to applying these new funds and relationships to growing the installed base for our nCounter research platform, and in parallel, advancing our molecular diagnostics program through clinical development and regulatory approval."

NanoString's nCounter Analysis System is a fully automated, multi-application digital detection and counting system with a very simple workflow. The nCounter system has been employed in basic and translational research since it was first introduced in 2008. NanoString provides assays for gene expression, miRNA analysis and copy number variation. NanoString recently launched its second generation nCounter system, which includes the hardware upon which the company will pursue regulatory clearance for its breast cancer subtyping assay and other molecular diagnostic assays.

The nCounter Analysis System is currently available for Research Use Only.

Source NanoString Technologies, Inc.