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- by finance.yahoo.com
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Sixth Street-backed Caris Life Sciences targets $5.3 billion valuation in US IPO
Founded in 2008, Caris specializes in precision oncology and helps diagnose cancer through its tumor profiling and blood-based cancer diagnostics. The company, whose rivals include Roche's Foundation Medicine, Guardant Health, and Grail, generates a majority of its revenue from its tissue-based molecular profiling which helps select the appropriate cancer therapy. In 2021, Caris raised $830 million at a $7.83 billion valuation in a Sixth Street-led funding round.