Helix: Receives $33M in NIH funding to scale COVID-19 testing

Helix: Receives $33M in NIH funding to scale COVID-19 testing

  • The U.S. National Institutes of Health (NIH) is revealing the first beneficiaries of its Rapid Acceleration of Diagnostics (RADx) program
  • Helix is a health tech startup founded in 2015 that focuses on insights derived from personal genomics
  • The funding will also used to support Helix’s efforts to scale its COVID-19 testing efforts
  • Helix has also filed for an EUA for a second type of test, an NGS test that offers higher throughput for more testing volume
  • This test, if approved, will be key to helping Helix achieve that much greater scale of testing capability
  • That second test system currently seeking approval would be able to process as many as 25,000 tests per day
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Robinhood Launches $695 Annual Platinum Credit Card, Challenging Amex

The new offering aims to disrupt the premium credit card market.Highlights: Robinhood's new Platinum credit card costs $695...

Citi and HSBC Invest in Trading Tech Player Adaptive, Boosting Innovation

This investment aims to enhance financial trading technology solutions.Highlights: Citi and HSBC jointly invest in trading tech company...

NYSE Owner Strengthens Investment in Crypto Exchange OKX

Intercontinental Exchange enhances its portfolio with a significant move into cryptocurrency.Highlights: Intercontinental Exchange increases investment in crypto exchange...

Mastercard Launches Trust Layer for Agentic Commerce Transactions

New technology aims to enhance security and trust in digital commerce.Highlights: Mastercard's new Trust Layer aims to improve...