Seer Appoints Catherine Friedman to its Board of Directors | Seer Press Release Archives - Seer

 

— Mark McClellan steps down from Seer BOD to join board for Seer spin out, PrognomIQ —

 

Redwood City, CA, September 15, 2020 — Seer, Inc., a life sciences company focused on enabling exceptional scientific outcomes through the power of unbiased, deep, rapid and scalable proteomics information, today announced that it has appointed Catherine Friedman to serve on its Board of Directors, effective September 14, 2020. The company additionally announced that Mark McClellan, M.D., Ph.D., has stepped down from Seer’s Board of Directors, effective September 1st.

 

Dr. McClellan, who formerly served as Commissioner of the U.S. Food and Drug Administration and as Administrator of the Centers for Medicare & Medicaid Services, will join the Board of Directors for PrognomIQ, Inc., the healthcare company spun out from Seer. Dr. McClellan has joined as a member of Seer’s Scientific Advisory Board.

 

“We’re delighted to welcome Cathy to our Board of Directors. Cathy brings tremendous strategic leadership and financial markets experience and will be an outstanding addition to our board. Her passion for our important work coupled with her experience will help Seer greatly through our next phase of growth,” said Omid Farokhzad, M.D., Chair, Chief Executive Officer and Founder of Seer. “I also want to express my sincere gratitude to Mark for his many contributions to Seer. I look forward to partnering with him on the board of PrognomIQ and benefiting from his insight as a scientific advisor to Seer.”

 

“I am thrilled to join the Seer Board and am eager to contribute to the company’s mission of unlocking deep, unbiased biological information to enable unprecedented scientific discovery,” said Ms. Friedman. “I look forward to applying my expertise to help advance this vitally important effort that has the potential to transform our understanding of biology.”

 

Ms. Friedman held numerous executive positions during a 23-year investment banking career with Morgan Stanley, including Managing Director, Head of West Coast Healthcare, and Co-Head of the Biotechnology Practice.  She currently serves as the Chair of the Board of Directors of GRAIL, and is a member of the boards of directors of Altaba (formerly Yahoo!), Radius Health, and Lyell Immunopharma.  She additionally serves as a trustee of The Darden School Foundation at the University of Virginia. Ms. Friedman holds a B.A. in Economics from Harvard University and an M.B.A. from The University of Virginia’s Darden School of Business.

 

“It has been a privilege to work with the Seer team on this unique endeavor to transform research by unlocking broad-scale access to the complexity and diversity of the proteome,” stated Dr. McClellan. “I look forward to supporting PrognomIQ as the company embarks on its journey to transform early and accurate disease diagnosis detection through the development of multi-omics that leverage Seer’s products.”

 

About Seer

Seer is a life sciences company focused on enabling exceptional scientific outcomes by commercializing transformative products that will drive breakthrough ideas by unlocking the deep, unbiased biological information that can make them a reality. Seer is developing its Proteograph™, which is an integrated solution consisting of consumables, automation instrumentation and proprietary software that performs deep, unbiased proteomics analysis at scale in a matter of hours. Seer designed the Proteograph to be efficient and easy-to-use, leveraging widely adopted laboratory instrumentation to provide a decentralized solution broadly available to life sciences researchers.

 

Visit www.seer.bio to learn more.

 

 

For Inquiries:

Carrie Mendivil, Gilmartin Group

Carrie@gilmartinir.com

415-937-5405

 

 

 

— PrognomIQ to develop multi-omics tests leveraging Seer’s Proteograph product —

— Seer to retain minority ownership in PrognomIQ  —

 

Redwood City, CA, September 15, 2020 — Seer, Inc., a life sciences company focused on enabling exceptional scientific outcomes through the power of unbiased, deep, rapid and scalable proteomics information, today announced that it has spun out and completed the initial financing of $55M for a newly formed healthcare company, PrognomIQ, Inc. The round was led by healthtech and life sciences venture capital fund aMoon with participation from other existing Seer stockholders, including Fidelity Management and Research Company LLC, funds and accounts advised by T. Rowe Price Associates, Inc., Invus, Maverick Ventures, Emerson Collective, Wing VC and other new investors, including Bruker Corporation. Seer will retain a minority ownership position of approximately 19% in PrognomIQ, and Philip Ma, Ph.D., Founder and former Chief Business Officer of Seer, is the newly appointed Chief Executive Officer of PrognomIQ.

 

Seer’s Proteograph uniquely captures the complexity of the proteome by enabling unbiased proteomic analysis at the depth, breadth, and scale needed to gather rich information at the amino acid and peptide level. PrognomIQ plans to develop and commercialize tests that leverage the Proteograph’s data, to fill in a critical piece of functional context missing from other molecular analytical approaches. PrognomIQ envisions combining this unique protein data from the Proteograph, with genomics and other omics data, to create a differentiated multi-omics approach to testing of health and disease. This could include matching disease-associated genetic variation with protein variants that put this genetic variation in functional context. Seer has already demonstrated the potential utility of its Proteograph in early disease detection through the proof-of-concept data on non-small cell lung cancer, which was included in a recent publication in Nature Communications.

 

“We believe that our Proteograph will enable novel insights and methods that will lead to ecosystems of new end markets and companies that do not exist today,” said Omid Farokhzad, M.D., Chair, Chief Executive Officer and Founder of Seer.  “At Seer, we are focused on developing and commercializing research products for use by our customers in different applications. We look forward to supporting PrognomIQ and other companies with the valuable information that our products will provide, as they develop products that positively impact human health.”

 

“The understanding of biology has advanced tremendously through large-scale genomic data collection capabilities. Yet, despite these advancements, researchers and clinicians do not have the functional context at the protein level for the bulk of this genomic information, significantly limiting its utility,” stated Dr. Ma. “Seer’s Proteograph will give PrognomIQ the ability to characterize this proteomic information, at scale, which we believe will be critical for the development of valuable tests in the future. We are grateful for the support from Seer and our outstanding group of investors as we embark on this journey to enable early detection, treatment, and recurrence monitoring of cancer and other complex diseases.”

 

“Early detection, recurrence and treatment monitoring of disease presents a significant market opportunity, that we have been following with interest for some time,” said Tomer Berkovitz, Ph.D., Partner & CFO at aMoon who will be joining PrognomIQ’s Board of Directors. “We are excited about the opportunity to leverage Seer’s Proteograph product in enabling the use of large-scale unbiased proteomics in an integrated multi-omics approach to tests of health and disease.”

 

About PrognomIQ

PrognomIQ is a healthcare company pursuing the development and commercialization of multi-omics human tests for cancer and other complex diseases. There is large unmet need for improved tests that will allow for earlier detection, treatment and recurrence monitoring of disease. PrognomIQ will leverage Seer’s Proteograph in addition to genomics and metabolomics technologies, to develop multi-omics products to improve human health.

 

About Seer

Seer is a life sciences company focused on enabling exceptional scientific outcomes by commercializing transformative products that will drive breakthrough ideas by unlocking the deep, unbiased biological information that can make them a reality. Seer is developing its Proteograph™, which is an integrated solution consisting of consumables, automation instrumentation and proprietary software that performs deep, unbiased proteomics analysis at scale in a matter of hours. Seer designed the Proteograph to be efficient and easy-to-use, leveraging widely adopted laboratory instrumentation to provide a decentralized solution broadly available to life sciences researchers.

 

Visit www.seer.bio to learn more.

 

 

For Inquiries:

Carrie Mendivil, Gilmartin Group

Carrie@gilmartinir.com

415-937-5405

— Funding to accelerate development and commercial launch of Proteograph™ suite of reagents, instrument and software products to deliver on untapped promise of proteomics —

 

Redwood City, CA, July 22, 2020 — Seer, Inc., a life sciences company focused on empowering exceptional scientific outcomes through the power of rapid, deep, unbiased proteomics information, today announced that it has raised $55 million in a new funding round. This latest equity financing was led by Fidelity Management and Research Company, and included new investor, HBM Healthcare Investments. All existing investors also participated in the round, including funds and accounts advised by T. Rowe Price Associates, Invus, aMoon and Maverick Ventures.

“We’re thrilled by the high caliber of investors we continue to attract who share Seer’s vision to transform proteomics and empower researchers to exponentially advance our understanding of human health and disease,” said Omid Farokhzad, M.D., Chief Executive Officer and Founder of Seer. “We are paving the road for researchers to measure hundreds of thousands of distinct protein variants that make up the human proteome at population scale and provide the missing functional context to genomic data sets. This will have a fundamental impact on our understanding of biology and disease, including the selection of more precise biomarkers for early disease detection and the elucidation of novel targets for disease treatment.”

Seer will use the proceeds from this financing to expand its research and development activities and to prepare for the planned 2021 commercial launch of its Proteograph™ suite of products, comprising reagents, instruments, and software.

The Proteograph suite of products leverage Seer’s proprietary engineered nanoparticles to enable an entirely new way of accessing the proteome. As demonstrated in Seer’s publication today in Nature Communications, Seer’s nanoparticles are engineered to survey the proteome without bias and explore the >1 million protein variants that are postulated to exist across the human population, from protein concentration ranges spanning many orders of magnitude in complex biological samples in a rapid manner.

“The last 15 years has been marked by an explosion in genomic and transcriptomic data. Access to this level of information has shed new light on our understanding of human health. This impact could be even larger with the information that only large-scale unbiased proteomics can provide,” said Omead Ostadan, President and Chief Operating Officer at Seer, who recently joined from Illumina, where he previously served as Chief Product and Marketing Officer and a member of the executive management team. “Much like massively parallel sequencing methods did for genomics, Seer’s nanoparticles enable access and sampling in an unbiased, deep, efficient manner, opening up an entirely new gateway to the proteome. By enabling researchers to survey the proteome in such a transformative manner, we believe our Proteograph suite of products will cause a fundamental shift in research and lead to new insights, methods and end markets, extending the reach and impact of proteomics.”

 

About Seer

Seer is a life sciences company focused on empowering exceptional scientific outcomes by removing multiple technological limitations that stand between breakthrough ideas and the deep, unbiased proteomics information that can make them a reality. Seer is developing its Proteograph™ suite of products, which includes reagents, instruments and software, to give researchers an automated and simple-to-scale solution to access and mine the richness of the proteome, a capability not currently available. We believe that unbiased, large-scale proteomics can, and must, become a reality for us to advance what is possible in biology and disease treatment. Our solutions will enable basic and translational researchers to see the proteome through an entirely new lens, one that does not compromise their ability to see the proteome’s richness and diversity as it appears in individuals – and that is where transformative biological breakthroughs can begin. Visit www.seer.bio to learn more.

 

For Media Inquiries:

Liz Melone, Scient Public Relations
liz@scientpr.com
617-256-6622

 

For Investor Inquiries:

Lynn Lewis, Gilmartin Group
Lynn@gilmartinir.com
415-937-5402

Published results reveal differentiated ability of proprietary, engineered nanoparticle technology to enable large-scale proteomics studies to:

 

 

Redwood City, CA, July 22, 2020 — Seer, Inc. announced the publication in Nature Communications today of a study demonstrating the power of its proprietary, engineered nanoparticle technology platform to discover novel proteins and biomarkers through an unprecedented combination of unbiased, deep, rapid, large-scale proteomics. The study brought together an interdisciplinary team of scientists, engineers and physicians from MIT, Harvard Medical School, Seer, and other organizations. The paper, entitled “Rapid, Deep and Precise Profiling of the Plasma Proteome with Multi-Nanoparticle Protein Corona,” establishes the novel technology’s ability to interrogate the plasma proteome across many orders of magnitude spanning highly abundant to rare proteins, and reproducibly capture and robustly quantify proteins in a rapid, automated workflow without the need for additional sample processing steps.

Omid Farokhzad, M.D., Chief Executive Officer at Seer, commented on the significance of the findings, “Measuring the vast amount of proteomic information across many individuals, many time points, and many diseases has long been a goal of scientific and industry researchers. But, that goal has not been achievable due to the complexity of the proteome and inherent challenges in measuring it. Essentially, researchers have had to sacrifice depth of profiling either for number of proteins or for speed. As the study published today demonstrates, this is the first technology to eliminate that trade-off – and, importantly, offer an unbiased view of the proteome.”

The technology described in the Nature Communications paper forms the foundation for Seer’s Proteograph™ suite of products, including reagents, instruments and software, which the company plans to begin commercializing next year.

Dr. Farokhzad continued, “This technology’s unmatched combination of characteristics – unbiased, deep survey of the proteome with speed and at scale – set it apart, especially for large-scale proteomics studies. We are incredibly excited about its vast potential to empower researchers in both academia and industry to arrive at new insights that can transform our understanding of biology and health, and approaches to disease testing and treatment.”

Seer’s Proteograph product suite leverages the unique capabilities of the company’s proprietary engineered nanoparticles to offer an automated and scalable workflow that can provide researchers with a clearer view of the proteome and its dynamic and complex nature. Leveraging  an optimized panel of nanoparticles, engineered to embody diverse biochemical properties necessary to survey a broad range of proteins without bias, the Proteograph removes much of the complexity of proteomic studies by eliminating the need for separation columns, cumbersome protocols, and lengthy workflows standard with other technologies. This, in turn, enables the unbiased profiling of large numbers of study subjects with a combination of depth and speed previously not possible in proteomics but standard in genomics and transcriptomics.

“The full power of the proteome has been untapped for far too long. The data from this study signal that we are on the cusp of changing that trajectory,” said Robert S. Langer, Sc.D., Institute Professor and a faculty member at the Koch Institute for Integrative Cancer Research at MIT, and a co-author of the study and co-founder of Seer.

Dr. Langer continued, “We believe that unbiased, large-scale proteomics can shed light on the complex, dynamic nature of the proteome. This completely novel technology will enable researchers to comprehensively and accurately capture and analyze the proteome as it exists in individuals, at various points in time. This approach holds the potential to ignite an era of extraordinary proteomics exploration, discoveries, and transformative outcomes.”

 

About the Study Findings

The published study demonstrated the ability of the technology to differentially interrogate the proteome on an individual protein and biological pathway level. In contrast to conventional peptide-based fractionation workflows, engineered nanoparticles addressed the dynamic range challenge in complex biological samples by leveraging the unique interaction of a panel of optimized nanoparticle surfaces with intact proteins, forming intricate protein coronas.

The study also revealed the platform technology’s performance in terms of accuracy, precision, and reproducibility of protein quantification. Compared to conventional plasma proteomics studies, this technology yielded more proteins with better precision at greater depth, in terms of the orders of magnitude of protein abundance in the plasma proteome observed. Unlike conventional deep proteomic techniques requiring extensive depletion and fractionation workflows, often requiring days to weeks for equivalent depth of protein coverage, the technology’s method was performed in a highly parallel, multiplexed, automated seven-hour sample preparation in a scalable 96-well format.

In a clinical pilot study outlined in the Nature Communications paper demonstrating the utility of the platform, the platform technology enabled robust quantification of >2,000 plasma proteins from 141 patients, including early-stage non-small cell lung cancer (NSCLC) patients and matched controls in less than three weeks. The unbiased quantification of plasma proteins achieved with this platform enabled the identification of novel combinations of known and unknown protein biomarkers that discriminated early NSCLC patients from matched controls, suggesting potential application of the proteomic technology for sensitive early detection. This pilot study demonstrated the unique capabilities of this novel technology platform for a broad range of large-scale proteomics studies that can accelerate fundamental understanding of biology.

 

About Seer

 Seer is a life sciences company focused on empowering exceptional scientific outcomes by removing multiple technological limitations that stand between breakthrough ideas and the deep, unbiased proteomics information that can make them a reality. Seer is developing its Proteograph™ suite of products, which includes reagents, instruments and software, to give researchers an automated and simple-to-scale solution to access and mine the richness of the proteome, a capability not currently available. We believe that unbiased, large-scale proteomics can, and must, become a reality for us to advance what is possible in biology and disease treatment. Our solutions will enable basic and translational researchers to see the proteome through an entirely new lens, one that does not compromise their ability to see the proteome’s richness and diversity as it appears in individuals – and that is where transformative biological breakthroughs can begin. Visit www.seer.bio to learn more.

 

For Media Inquiries:

Liz Melone, Scient Public Relations
liz@scientpr.com
617-256-6622

 

For Investor Inquiries:

Lynn Lewis, Gilmartin Group
Lynn@gilmartinir.com
415-937-5402

 

Seer Announces Appointment of David R. Horn as Chief Financial Officer

— Morgan Stanley executive brings extensive life sciences sector strategic and financial expertise to pioneering proteomics company —

Redwood City, CA, May 20, 2020 — Seer, Inc., a life sciences company focused on commercializing proprietary solutions to enable efficient, unbiased and deep surveying of the proteome across the life sciences sector, announced today the appointment of David R. Horn as Chief Financial Officer. Mr. Horn joins Seer following a distinguished career in investment banking at Morgan Stanley where he focused exclusively on the healthcare sector.

“We are thrilled to welcome David to our executive team,” said Omid Farokhzad, M.D., Chief Executive Officer of Seer. “His deep industry knowledge and expertise will be invaluable to our organization, particularly during this pivotal stage in our growth and advancement toward commercialization. David has a proven track record of delivering exceptional results in our space and extensive experience with the capital markets and strategic transactions. He is a critical addition to our leadership team and will play an instrumental role in advancing our mission to deliver breakthrough proteomics solutions.” 

Prior to joining Seer, Mr. Horn worked at Morgan Stanley for over 20 years, where he served as a Managing Director in the firm’s Global Healthcare Group within the Investment Banking Department. Mr. Horn was responsible for Morgan Stanley’s global Life Science Tools and Diagnostics practice and oversaw the Western Region Healthcare practice. In addition, Mr. Horn previously spent time working in the medical device and life science sectors where he served as Vice President of Business Development at RITA Medical Systems and, prior to that, in the same role at Chemdex Corporation. Mr. Horn holds a Bachelor of Arts from Princeton University and an MBA from the Stanford University Graduate School of Business. 

On his appointment, Mr. Horn commented, “I am honored and excited to join the Seer team. Seer has the potential to be a disruptive force in the life sciences sector with its transformational technology platform for generating proteomic data. I look forward to contributing to our team’s strategic and financing initiatives to accelerate development and commercialization of products that deliver unbiased proteomic data at an unprecedented scale and speed. Seer’s technology platform has the potential to deliver biological breakthroughs that could have a transformative impact on disease and health.”

About Seer
Seer, founded by Omid Farokhzad, M.D., Philip Ma, Ph.D., and Robert Langer, Sc.D., with initial investment from Maverick Ventures, is a life sciences company focused on capturing deep molecular insights from the proteome to enable novel insights and breakthroughs in the understanding of biology and disease. The company’s novel Proteograph™ platform allows for the first-ever generation of proteomic information with high accuracy at a scale and speed not previously possible, complementing genomic and other health information, with a goal of enabling breakthroughs in the most challenging research and clinical problems, such as early disease detection.

For Media Inquiries:
Liz Melone, Scient Public Relations
Liz@scientpr.com
617-256-6622

For Investor Inquiries:
Lynn Pieper Lewis, Gilmartin Group
Lynn@gilmartinir.com
415-937-5402

 

Seer Announces Appointment of Omead Ostadan as President and Chief Operating Officer

Seasoned Executive Brings Considerable Tools Space Commercial and Operational Expertise as Seer Approaches the Commercialization of its Proteomics Solutions

REDWOOD CITY, Calif., May 12, 2020 (GLOBE NEWSWIRE) — Seer, Inc., a life sciences company focused on commercializing a proprietary solution that uniquely enables efficient, unbiased, and deep surveying of the proteome, announced today that Omead Ostadan will join as the company’s President and Chief Operating Officer (COO) effective June 29, 2020. In addition to his role as a company executive, Mr. Ostadan will also be joining the company’s Board of Directors. In his new role, Mr. Ostadan will oversee Seer’s commercial, product development and operations functions as the company prepares for the commercial launch of its Proteograph™ suite of products. Mr. Ostadan currently serves as Chief Product and Marketing Officer and a member of the executive management team at Illumina.

“I am excited to welcome Omead to Seer’s Leadership team, as we transition from a research and development organization toward a commercial organization with our first-in-class proteomics products for research and clinical applications,” said Omid Farokhzad, Chief Executive Officer of Seer. “Omead has a demonstrated track record of success that spans over two decades across some of the most successful life sciences tools companies, including the last 13 years at Illumina. His insights and deep experience in developing and commercializing transformative products will be of immense value to Seer as we look to accelerate the on-going revolution sparked by genomics data through our broad and accessible introduction of proteomics data.”

Mr. Ostadan, who is presently responsible for Global Marketing at Illumina, joined the company in 2007 as Vice President of Marketing and helped build Illumina’s leading position in the genomics space while serving a wide range of executive roles during his tenure. Among those are leading the company’s Product Development group from 2011-2015. In 2015 his role expanded to include the company’s Global Operations and Quality functions and shortly after to include the company’s Corporate and Strategic Planning function.

Prior to joining Illumina, Mr. Ostadan was Vice President of Marketing at Solexa Inc., where he played a central role in the development of the company’s product and commercial strategy. Prior to joining Solexa Inc. in 2005, Mr. Ostadan held a variety of marketing roles at Applied Biosystems over a 7-year span, including responsibility for managing the company’s high throughput sequencing platforms. Mr. Ostadan earned his BS in Biochemistry from the University of California at Davis and his MBA from The Wharton School at the University of Pennsylvania.

“I have known Seer since its inception, and I am excited to be joining Seer as an executive and a member of its Board of Directors during this pivotal time for the company. Seer has made huge progress toward realizing its transformative vision of providing unbiased proteomics solutions at unprecedented scale and speed; and will have an impact analogous to that of Next-Generation Sequencing today,” Mr. Ostadan stated. “Seer’s products address constraints in proteomic data collection to provide an unbiased global view of the proteome which to date has not been feasible economically or at scale. This breakthrough capability has the potential to do for proteomics what Next-Generation Sequencing has done for genomics – enable long-desired but infeasible large-scale experiments that demystify the proteome.”

About Seer

Seer, founded by Omid Farokhzad, M.D., Philip Ma, Ph.D. and Robert Langer, Sc.D., with initial investment from Maverick Ventures, is a life sciences company focused on capturing deep molecular insights from the proteome to enable novel insights and breakthroughs in the understanding of biology and disease. The company’s novel Proteograph™ platform allows for the first-ever generation of proteomic information with high accuracy at a scale and speed not previously possible, complementing genomic and other health information, with a goal of enabling breakthroughs in the most challenging research and clinical problems, such as early disease detection.

For Investor and Media Inquiries:

Lynn Pieper Lewis, Gilmartin Group
Lynn@gilmartinir.com
415-937-5402

 

Seer Announces $55 Million in Series D Equity Financing

Bringing in New Investors aMoon Fund and T. Rowe Price Funds

Capital will enable continued advancement of novel Proteograph™ platform and commercialization of first-in-class proteomics products

Redwood City, CA, December 17, 2019 — Seer, Inc., a life sciences company focused on capturing and translating proteome insights to advance human health, today announced it has raised $55 million in an oversubscribed Series D equity financing. The round was led by healthtech and life sciences venture capital fund aMoon, with participation from funds and accounts advised by T. Rowe Price Associates, Inc., all current Seer investors and other new investors. Proceeds from this financing will be used to continue advancing Seer’s proprietary Proteograph™ platform, as well as ongoing development and future commercialization efforts of first-in-class proteomics products for research and clinical applications.

“We are thrilled to partner with this world-class syndicate of investors, including new participants aMoon and T. Rowe Price, who collectively share our broad strategic vision of delivering on the promise of proteomics as a tool for differentiated, dynamic insights into the mechanisms of disease,” said Omid Farokhzad, M.D., Chief Executive Officer and Founder of Seer. “We have made significant progress developing our technology to harness the tremendous power of proteomic data, and we look forward to utilizing the capital from this latest financing to accelerate our product development and commercialization in key areas while continuing to build out our team and expertise.”

“When you consider the challenges of understanding and capturing human proteomic data, it is clear there is a vast, untapped opportunity to impact human health,” said Tomer Berkovitz, Ph.D., Partner and CFO at aMoon Fund and lead investor of this funding. “We are impressed with the Seer team’s approach and progress, and we are very enthusiastic about the potential for the company’s platform to meet the research and clinical need to accurately capture proteomic data at an unprecedented speed and scale.” 

Dr. Farokhzad continued, “Undoubtedly, large-scale proteomics has the potential to make scientific, clinical and market impact at the same or higher levels than genomics has made over the past decade. We believe our proprietary technology, multifaceted product strategy and exceptional team well position Seer to be a leader in the proteomics space.”

 

About Seer

Seer, founded by Omid Farokhzad, M.D., Philip Ma, Ph.D. and Robert Langer, Sc.D., with investment from Maverick Ventures, is a life sciences company focused on capturing deep molecular insights from the proteome to enable novel insights and breakthroughs in the understanding of biology and disease.  The company’s novel Proteograph™ platform allows for the first-ever generation of proteomic information with high accuracy at a scale and speed not previously possible, complementing genomic and other health information, with a goal of enabling breakthroughs in the most challenging research and clinical problems, such as early disease detection. Learn more by visiting the website, www.seer.bio.

About aMoon

aMoon, founded by Marius Nacht and Dr. Yair Schindel, is a global healthtech and life sciences VC fund based in Israel. The fund aims to accelerate cure for life-threatening diseases and reduce major cost-drivers in healthcare, by leveraging the growing convergence of healthcare and technology. Learn more by visiting the website, www.amoon.fund.

 

For Media Inquiries:

Liz Melone, Scient Public Relations
Liz@scientpr.com
617-256-6622

For Investor Inquiries:

Debbie Kaster, Gilmartin Group
debbie@gilmartinir.com
415-937-5s403

Press Release – July 17, 2019

 

Seer Announces Appointment of Mark McClellan, MD, PhD to Board of Directors

-Completes additional $17.5 million financing round-

-Advancing pipeline of first-in-class liquid biopsy products
for early, pre-symptomatic detection of cancer and neurological diseases-

-Recent platform advancements in speed, cost and protein coverage
accelerating vision to provide proteomic information at scale-

 

South San Francisco, Calif., July 17, 2019—Seer, Inc., a life sciences and health data company focused on enabling early, pre-symptomatic detection of cancer, neurological and other serious diseases, today announced that Mark McClellan, MD, PhD, Director and Robert J. Margolis MD, Professor of Business, Medicine and Health Policy, and founding Director of the Duke-Margolis Center for Health Policy at Duke University, has been appointed to the company’s Board of Directors. Dr. McClellan formerly served as administrator of the Centers for Medicare & Medicaid Services and commissioner of the U.S. Food and Drug Administration (FDA).

“We are honored to welcome Mark to our board,” said Omid Farokhzad, MD, Chief Executive Officer (CEO) and Founder of Seer. “The promise of early, pre-symptomatic disease detection stands to radically transform the practice of medicine, with significant and far-reaching implications. Mark’s deep understanding of the health care ecosystem and visionary insights on policy reform will be crucial in informing our thinking as we work to bring our liquid biopsy and life sciences products to market.”

“I am very enthusiastic about joining Seer’s board at this important juncture,” said Dr. McClellan. “The future of health care is increasingly about early and accurate detection of risks to health, coupled with effective therapies – and practical insights from the human proteome will be a critical part of this shift. Getting the most value from much more personalized diagnosis and treatment will require new approaches to care and payment. I look forward to working with Omid and the Seer team to plan and work comprehensively toward this exciting future.”

Seer also announced today that it has broadened its syndicate of investors and completed a $17.5 million Series C financing round. The company will use the proceeds to continue to advance its Proteograph™ platform and build its proteomic database, progress discovery programs for multiple indications, and develop first-in-class liquid biopsy products for early disease detection, with an initial focus on oncology and neurology. New investors Wing VC and Aju IB participated in the round, along with existing investors Maverick Ventures and Invus, and other institutional and private investors.

“We’re thrilled to welcome Wing VC and Aju IB on this exciting journey, and we’re grateful for the continued support and commitment of Maverick, Invus and our other investors,” said Dr. Farokhzad. “Our enduring vision is to provide proteomic information at scale. To that end, we’ve recently made significant advancements in our Proteograph platform, particularly with respect to speed, cost and protein coverage. We look forward to sharing our progress on multiple fronts in the coming months.”

Seer is focused on capturing and translating molecular insights from the proteome to enable early detection of cancer and neurological diseases and drive earlier treatment to improve patient outcomes. The company’s core technology, the Proteograph platform, is designed to provide rapid, cost-effective, and broad-scale proteomic profiling with high accuracy and precision. Seer then applies machine learning algorithms to analyze the resulting high volume of proteomic data and generate population-level disease insights, which it is utilizing to develop first-in-class liquid biopsy products to detect diseases at early, pre-symptomatic stages.

About Dr. McClellan

Dr. McClellan is a physician and an economist who has informed and improved a wide range of strategies and policy reforms to advance health care, including payment reform to promote better outcomes and lower costs, methods for development and use of real-world evidence, and strategies for more effective biomedical innovation. Prior to assuming his current role at Duke, Dr. McClellan served as a Senior Fellow in Economic Studies at the Brookings Institution, where he was Director of the Health Care Innovation and Value Initiatives and led the Richard Merkin Initiative on Payment Reform and Clinical Leadership.

Dr. McClellan is a former administrator of the Centers for Medicare & Medicaid Services and former commissioner of FDA, where he developed and implemented major reforms in health policy. He had previously served as a member of the President’s Council of Economic Advisers, senior director for health care policy at the White House, and Deputy Assistant Secretary for Economic Policy at the Department of the Treasury.

Dr. McClellan is the founding chair and a current board member of the Reagan-Udall Foundation for the FDA and a member of the National Academy of Medicine (NAM), where he chairs the Leadership Council for Value and Science-Driven Health care, co-chairs the guiding committee of the Health Care Payment Learning and Action Network, and is a research associate at the National Bureau of Economic Research. He is also a Senior Advisor on the faculty of the University of Texas Dell Medical School, co-chair of the Accountable Care Learning Collaborative, and a member of the Healthtech 4 Medicaid Board of Directors. Dr. McClellan was previously an associate professor of economics and medicine with tenure at Stanford University, and has twice received the Kenneth Arrow Award for Outstanding Research in Health Economics. In addition to serving on Seer’s board, Dr. McClellan is also an independent director on the boards of Johnson & Johnson, Cigna and Alignment Healthcare.

About Seer, Inc.

Seer is a life sciences and health data company focused on capturing and translating molecular insights from the proteome to enable early, pre-symptomatic detection of cancer and neurological diseases, drive earlier treatment, and improve patient outcomes. Based in South San Francisco, CA, Seer’s novel Proteograph™ platform allows for the first-ever generation of proprietary proteomic information with high accuracy at a scale and speed not previously possible, complementing genomic and other health information, and affording comprehensive insights to deliver first-in-class liquid biopsy products with a goal of achieving very early disease detection. For more information, visit us at www.seer.bio or follow us on LinkedIn or Twitter.

Media Contact:

Liz Melone
liz@scientpr.com
617-256-6622

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Philip Ma is the Chief Business Officer for Seer. Previously, he was Vice-President for Digital Health Technologies and Data Sciences at Biogen, a group that he established in 2015 to discover insights and create value for Biogen and its patients. Prior to joining Biogen, Philip was Senior Partner at McKinsey & Company, where he served global leaders in the pharmaceutical and biotech sectors, leading the West Coast Healthcare Practice and global Personalized Medicine practice for the Firm. Active in community affairs, Philip also serves on the Board of Committee of 100, a group of Chinese-American business and community leaders focused on U.S. China relations and the Asian-American experience. Before McKinsey, Philip was a macromolecular crystallographer in the lab of Dr. Carl O. Pabo at Massachusetts Institute of Technology, where he received his Ph.D. in Biology. Philip also has degrees in Biochemistry (A.B. from Harvard College) and in Economics (MPhil from Oxford University, where he was a Rhodes Scholar).