BOSTON--(BUSINESS WIRE)--Precision Biopsy formally closes a $2.5MM round of funding to kickoff the commercialization phase of a novel prostate cancer detection technology developed at the University of Colorado Anschutz Medical Campus. The American Urological Association estimates that every year, 180,000 men in the U.S. are diagnosed with prostate cancer and 30,000 die from this disease. Each year over one million prostate biopsies are performed in the U.S., but only 25-30% of cancers are diagnosed during initial screening. There is a significant unmet need to improve overall cancer detection rates during routine biopsy procedures. Precision Biopsy technology significantly improves cancer detection rates and focuses therapy only where the cancer lesions exist instead of the entire prostate gland.
