This from the Mass Life Sciences Center:
GOOD START GENETICS IS FIRST COMPANY TO REPAY ACCELERATOR LOAN FROM MASSACHUSETTS LIFE SCIENCES CENTER
Repayment Ceremony held today at Company’s Offices in the Boston University Business Incubator
BOSTON, MA- Massachusetts Life Sciences Center President & CEO Susan Windham-Bannister today joined officials from Good Start Genetics, Inc. to announce the Boston-based company’s repayment of the Center’s Accelerator Program loan. Good Start Genetics recently completed an $18 million Series A financing and is the first company to repay one of the Center’s Accelerator loans. In May, 2009 Good Start Genetics was awarded a loan of $500,000 from the Center in the first round of a program that provides working capital to early-stage life sciences companies. The loan has been repaid in full, with interest…
The Good Start Genetics pre-pregnancy diagnostic test is based on advanced DNA sequencing technology and is designed to allow physicians to better identify carriers of heritable genetic disorders and enable them to help prospective parents make more knowledgeable medical decisions. The Good Start Genetics diagnostic test is expected to offer higher detection rates, which will provide physicians greater accuracy and improved clinical performance compared with currently available screening methods, such as genotyping and SNP analysis. The Company expects to launch its test exclusively through board certified physicians in U.S. fertility clinics starting in 2011.