Genomics Medicine Ireland has raised €36m ($40m) in a funding round and will create 150 jobs. The life sciences start-up, which develops treatments for Alzheimer's and multiple sclerosis, will use the investment to set-up a genomics R&D programme in Dublin and to improve understanding of factors involved in disease. "The Irish government is investing heavily into science and innovation so we are delighted that our new partner Genomics Medicine Ireland can help us achieve this ambitious goal," said Minister for Science & Innovation Richard Bruton
Genomics Medicine Ireland has raised €36m ($40m) in a funding round and will create 150 jobs. The life sciences start-up, which develops treatments for Alzheimer's and multiple sclerosis, will use the investment to set-up a genomics R&D programme in Dublin and to improve understanding of factors involved in disease. Series A funding round investors include the Ireland Strategic Investment Fund, Polaris Partners, ARCH Venture Partners, and GV (previously Google Ventures).