Foley Hoag Congratulates Predictive Biosciences on Series C Financing

June 16, 2010

Foley Hoag LLP congratulates its client Predictive Biosciences, Inc. on the closing of a $25 million Series C preferred stock financing.  Predictive, a commercial stage, fully-integrated developer of novel molecular diagnostic cancer assays and a provider of anatomic pathology laboratory products and services, will use the proceeds of the financing to complete multi-center clinical trials for Predictive’s CertNDx bladder cancer assay and support its commercial launch.

Lawyers in FoleyHoag’s Life Sciences group have represented Predictive Biosciences since December 2006.  The transaction team consisted of Jeffrey Quillen, partner and co-chair of the firm’s Life Sciences practice, and associates Joel Needleman, Michelle Limaj and Patrick Connolly.

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