Interpace Biosciences

Interpace Biosciences

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Private Company

Total funding raised: $30M

Market Cap: $55.4MFounded: 2003HQ: Parsippany, United States

Overview

Interpace Biosciences is a commercial-stage molecular diagnostics company with a mission to deliver evidence-based tests for the early diagnosis and risk assessment of cancer. Its primary achievement is the development and commercialization of a complementary genomic and microRNA testing platform for thyroid nodules, which has established clinical utility in guiding patient management. The company's strategy is to leverage its integrated bioinformatics and commercial capabilities to dominate its niche in thyroid diagnostics while exploring research collaborations for future test development. Following the 2022 sale of its pharma services division, Interpace is now a focused, independent diagnostics entity.

OncologyThyroid Cancer

Technology Platform

A synergistic diagnostic platform combining Next-Generation Sequencing (NGS) for DNA mutation profiling (ThyGeNEXT®) with a proprietary microRNA (miRNA) expression classifier (ThyraMIR®v2) to provide comprehensive genomic and transcriptomic risk stratification.

Funding History

3
Total raised:$30M
Debt$5M
Series B$15M
Series A$10M

Opportunities

The large and growing population of patients with indeterminate thyroid nodules presents a core market opportunity.
The company's combined test strategy offers a differentiated clinical value proposition focused on reducing unnecessary surgeries, which aligns with healthcare cost-containment goals.
Its CLIA lab infrastructure provides a platform for potential future test expansion.

Risk Factors

Revenue is heavily concentrated on a single thyroid cancer application in a highly competitive market dominated by larger players.
The company lacks a visible near-term pipeline for new products, creating long-term growth uncertainty.
As a micro-cap company, it faces financial resource constraints and stock liquidity challenges.

Competitive Landscape

Competes directly with Veracyte's Afirma® GSC, Quest/Mayo's ThyroSeq®, and CBLPath's RosettaGX® Reveal in the thyroid molecular diagnostics market. Interpace's key differentiation is its commercialized two-test (DNA + miRNA) strategy, but it faces significant challenges in market penetration against larger, better-capitalized competitors.

Company Timeline

2003Founded

Founded in Parsippany, United States

2014Series A

Series A: $10.0M

2016Series B

Series B: $15.0M