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Lineagen Announces $3.5 Million Series C Round and Close of Series B Financing
Date:12/18/2013

ith payors and provider networks to provide access to FirstStepDx PLUS to approximately 70 million covered lives.  Lineagen has consistently attained high levels of reimbursement, with increased reimbursement levels being seen under the new reimbursement codes, attesting to the significant clinical benefit of our commercial offerings."

Dr. Paul continued, "We are grateful to the communities we serve and to our investors who have continued to support our programs and build our commercial presence and brand in the market. In 2014, we will seek to close an additional tranche in our Series C financing – up to $7 to $7.5 million – which we anticipate would allow us to launch new commercial offerings, including NextStepDx PLUS, a customized, proprietary next generation sequencing-based reflex test that is expected to significantly add to the current diagnostic yield of FirstStepDx PLUS; expand our sales team's ability to reach specialist physicians, and seek to ensure additional payer coverage. It's an exciting time for the Company, we are pleased with Lineagen's position in the market and achievements, and we look forward to further progress of our programs."

About FirstStepDx PLUS

Lineagen's FirstStepDx PLUS and related autism-risk screening services (www.mchat.org) have been developed with the specific intention of helping physicians, patients, and families navigate the diagnostic evaluation "odyssey" of individuals with autism spectrum disorders (ASDs) and other disorders of childhood development early and more efficiently.  FirstStepDx PLUS includes genetic counseling, the most advanced, customized chromosomal microarray analysis (CMA) clinically available, and a detailed, personalized report created specifically for each individual's case.  FirstStepDx PLUS is specifically designed to help pare
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SOURCE Lineagen, Inc.
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