Tethys Bioscience

The firm raises $33 million to expand commercialization of its PreDx diabetes risk score test, which helps identify those most at risk of developing the type 2 version of the disease. Announced July 21, the funding includes $23 million of "Series D" venture financing and a $10 million working capital loan. The privately held firm's Series D round now totals $48 million, including $25 million raised last fall (1"The Gray Sheet" Nov. 30, 2009). The PreDx multi-marker blood test debuted in January 2009 and is available through the company's CLIA-certified lab ("2The Gray Sheet" July 28, 2008). Over 15,000 PreDx tests have been ordered in the U.S. by physicians to date, according to Tethys