Veritas Genetics is a company that's making a big impact in the world of genetics. They're a global genomics company that's dedicated to making whole genome sequencing more accessible to everyone.
Their mission is to make genetic information a standard part of healthcare. They believe that everyone has the right to know their genetic information, and they're working hard to make that a reality.
Veritas Genetics offers a range of services, including whole genome sequencing, genetic counseling, and data analysis. They've even developed a test that can detect genetic mutations that can cause certain diseases.
Their approach is unique because they use a combination of artificial intelligence and human expertise to analyze genetic data. This allows them to provide more accurate and personalized results to their customers.
Additional reading: Bureau Veritas
Recent Developments
LetsGetChecked has acquired Veritas Genetics and Veritas Intercontinental for an undisclosed sum, marking a significant move into the genomics space.
The acquisition will integrate Veritas Genetics' genetics offering with LetsGetChecked's virtual care infrastructure, enabling whole genome sequencing and a full lifecycle of personalized healthcare.
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Veritas Genetics was founded by Harvard geneticist George Church with the goal of affordably sequencing the whole genome, and its services include comprehensive genetic profiles and clinical reports.
The company announced in 2019 that it could drop the price of whole-genome sequencing to $599, making it more accessible to a wider audience.
LetsGetChecked's acquisition is expected to close in the first fiscal quarter of this year, with a seamless integration of the Veritas brand planned.
The acquisition opens the door for panel tests like pharmacogenomics, cancer and carrier screenings, and maternal-fetal testing, which will be made available to health plans, employers, and other clients.
LetsGetChecked will start rolling out the PGx panel to B2B clients first, with plans to make it available to consumers later in the year.
The company's total raise now stands at $260 million, following a $150 million Series D funding in June.
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Key Aspects
Veritas Genetics is a pioneer in genetic testing, offering whole-genome sequencing that can identify over 50,000 genetic variants.
Their Whole Genome Sequencing (WGS) test can detect genetic mutations that can cause inherited diseases, such as sickle cell anemia and cystic fibrosis.
This technology has the potential to revolutionize genetic testing, making it possible to identify genetic risks and prevent inherited diseases.
Veritas Genetics' WGS test can also identify genetic variants associated with increased risk of certain cancers, such as BRCA1 and BRCA2 mutations.
Their genetic testing services are designed to empower individuals to take control of their health and make informed decisions about their genetic risk factors.
Veritas Genetics' Whole Genome Sequencing test is a non-invasive, saliva-based test that can be completed in just a few weeks.
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Frequently Asked Questions
How much does Veritas genetics cost?
The Veritas genetics test costs $599, providing comprehensive insights into various health conditions, genetic diseases, and traits.
Who owns Veritas Genetics?
Veritas Genetics is owned by LetsGetChecked, a leading global digital health provider, following its acquisition in March 2022. Learn more about Veritas Genetics and its partnership with LetsGetChecked.
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