Haystack MRD

Haystack MRD

DGX
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Private Company

Total funding raised: $30M

Market Cap: $20.8BFounded: 2021HQ: San Francisco, United States

Overview

Haystack MRD's mission is to deliver confidence in cancer management through its high-precision, tumor-informed MRD liquid biopsy test. The company has successfully commercialized its proprietary, dual-strand sequencing technology, achieving a market-leading analytical sensitivity with a limit of detection of 0.0006%. Its core strategy leverages the vast clinical laboratory infrastructure, regulatory expertise, and commercial scale of its parent company, Quest Diagnostics, to rapidly penetrate the growing MRD market and establish a new standard of care in oncology.

Oncology

Technology Platform

A tumor-informed, next-generation sequencing (NGS) liquid biopsy platform utilizing a proprietary dual-strand error-correction method to detect circulating tumor DNA (ctDNA) with an ultra-low limit of detection of 0.0006%.

Funding History

2
Total raised:$30M
Series A$25M
Seed$5M

Opportunities

The massive and growing market for MRD testing in solid tumors, driven by guideline adoption and proven utility, presents a multi-billion dollar opportunity.
Haystack's integration with Quest Diagnostics provides an unparalleled channel for rapid commercial scaling and payer access.

Risk Factors

Key risks include intense competition from established players like Natera, the need to secure broad insurance reimbursement based on clinical utility data, and the logistical complexity of the tumor-informed approach requiring tissue samples.

Competitive Landscape

Haystack MRD competes in the high-sensitivity tumor-informed MRD segment against leader Natera (Signatera) and others like Guardant Health. Its primary competitive advantages are its ultra-sensitive dual-strand technology and the vast commercial infrastructure of its parent company, Quest Diagnostics.

Company Timeline

2021Founded

Founded in San Francisco, United States

2021Seed

Seed: $5.0M

2023Series A

Series A: $25.0M