{"id":18313,"date":"2020-05-08T15:15:25","date_gmt":"2020-05-08T19:15:25","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/cppib-psp-participate-in-financing-round-for-cancer-testing-business-145924"},"modified":"2020-05-08T15:15:25","modified_gmt":"2020-05-08T19:15:25","slug":"cppib-psp-participating-in-financing-round-for-cancer-testing-business","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/05\/08\/cppib-psp-participating-in-financing-round-for-cancer-testing-business\/","title":{"rendered":"CPPIB, PSP participating in financing round for cancer testing business"},"content":{"rendered":"<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"> <img decoding=\"async\" loading=\"lazy\" width=\"316\" height=\"190\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2018\/10\/51619028_DoctorNote-123RFxl.jpg\" class=\"attachment-feature size-feature wp-post-image\" alt=\"123RF.com\/bacho12345\" title=\"CPPIB, PSP participating in financing round for cancer testing business\"> <\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>Staff<\/span>&nbsp;|&nbsp;May 8, 2020 <\/p>\n<div class=\"table \">\n<p>The Canada Pension Plan Investment Board and the Public Sector Pension Investment Board are participating in a&nbsp;$390-million series-D round of financing for&nbsp;Grail Inc., a U.S. health-care company&nbsp;focused on cancer testing.<\/p>\n<p>The financing is aimed at boosting the company\u2019s balance sheet to support its continued development, as well as the commercialization of its cancer testing method.<\/p>\n<\/div>\n<div class=\"table\">\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/cppib-invests-in-cancer-drug-royalties-food-manufacturing-130421\">CPPIB invests in cancer drug royalties, food manufacturing<\/a><\/strong><\/p>\n<p>\u201cGRAIL is making significant progress with our blood-based, multi-cancer early detection test,\u201d said Hans Bishop, chief executive officer at Grail, in a press release. \u201cNearly 80 per cent of cancer deaths result from cancers for&nbsp;which there is no screening test today and Grail\u2019s mission is to change that through the early detection and localization of more than 50 cancers.\u201d<\/p>\n<\/div>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/cppib-psp-participate-in-financing-round-for-cancer-testing-business-145924\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff&nbsp;|&nbsp;May 8, 2020 The Canada Pension Plan Investment Board and the Public Sector Pension Investment Board are participating in a&nbsp;$390-million series-D round of financing for&nbsp;Grail Inc., a U.S. health-care company&nbsp;focused on cancer testing. The&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18313"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=18313"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18313\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=18313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=18313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=18313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}