Bezos-Backed Cancer Startup Wants to Raise $1 Billion

Grail Inc., the cancer-detection startup, whose investors include Microsoft Corp. co-founder Bill Gates and the personal venture fund of Amazon.com Inc. founder Jeff Bezos, is seeking to raise about $1 billion to boost growth ahead of its planned initial public offering in Hong Kong.  According to unnamed sources, the company is working with advisers on the new round. A final decision hasn’t been made on the round, which is at a preliminary stage, and its timing and size could still change.

Grail’s goal is to create a “pan-cancer” screening test that can diagnose people at a very early stage even when they have no symptoms.

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