Caris Life Sciences

Caris Life Sciences

CAIPhase 2

Founded in 2008, Caris Life Sciences has established itself as a pioneer in precision oncology, combining whole exome sequencing, whole transcriptome sequencing, and proteomic analysis with sophisticated AI algorithms. The company has processed over 1 million cases, performed 6.5+ million tests, and built a database of 740,000+ matched molecular and clinical outcomes records. Caris serves three key markets: patients seeking personalized treatment options, physicians requiring molecular blueprints for clinical decisions, and biopharma companies needing translational medicine and clinical development support. Their continuum of care spans disease detection, therapy selection, and treatment monitoring.

Market Cap
$5.2B
Founded
2008
Focus
Diagnostics

CAI · Stock Price

USD 18.419.59 (-34.25%)

Historical price data

AI Company Overview

Founded in 2008, Caris Life Sciences has established itself as a pioneer in precision oncology, combining whole exome sequencing, whole transcriptome sequencing, and proteomic analysis with sophisticated AI algorithms. The company has processed over 1 million cases, performed 6.5+ million tests, and built a database of 740,000+ matched molecular and clinical outcomes records. Caris serves three key markets: patients seeking personalized treatment options, physicians requiring molecular blueprints for clinical decisions, and biopharma companies needing translational medicine and clinical development support. Their continuum of care spans disease detection, therapy selection, and treatment monitoring.

Technology Platform

Caris integrates whole exome sequencing, whole transcriptome sequencing, and proteomic analysis with artificial intelligence algorithms to create comprehensive molecular blueprints for cancer patients, supported by one of the world's largest multimodal molecular and clinical outcomes databases.

Pipeline Snapshot

2

2 drugs in pipeline

DrugIndicationStage
Debio 1347Solid TumorPhase 2
Standard of Care Second Line TherapyMetastatic Pancreatic CancerPhase 2

Funding History

5

Total raised: $685M

IPO$200MUndisclosedMay 25, 2023
Series D$310MUndisclosedJun 15, 2018
Series C$100MUndisclosedJun 15, 2012
Series B$50MUndisclosedJun 15, 2010

Opportunities

Caris has significant growth opportunities through expansion of its liquid biopsy platform (Caris Assure®), deepening partnerships with biopharma companies for drug development support, and leveraging its massive multimodal database to develop novel AI-driven clinical insights.
International expansion and development of new testing modalities beyond oncology represent additional growth vectors.

Risk Factors

Key risks include intense competition from well-funded public diagnostics companies, evolving regulatory landscape for laboratory-developed tests, reimbursement challenges from payers, and the scientific complexity of validating novel biomarkers and AI algorithms.
Rapid technological change requires continuous R&D investment to maintain competitive advantage.

Competitive Landscape

Caris competes with comprehensive molecular profiling companies like Foundation Medicine (Roche) and Guardant Health, as well as emerging AI-driven platforms like Tempus. Differentiation comes from Caris's multimodal approach (DNA+RNA+protein), massive clinical-molecular database (740,000+ records), and extensive physician network through the Precision Oncology Alliance™ (95+ members including 45+ NCI centers).

Publications
20
Patents
1
Pipeline
2

Company Info

TypeDiagnostics
Founded2008
LocationUnited States
StagePhase 2
RevenueRevenue Generating

Therapeutic Areas

Oncology
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