Color Genomics raises $15 million to make medical testing cheaper

April 21, 2015 4:12 AM

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With a $1,500 to $4,000 price tag, genetic testing is not accessible to many Americans unless covered by insurance. For example, half of the women who carry two of the best known gene mutations linked to higher chances of breast and ovarian cancers do not qualify for the test under their coverage.

A Silicon Valley company made up of former developers from Google GOOG and Twitter TWTR , Color Genomics, is hoping to change this by cutting the costs of genetic testing for breast and ovarian cancer risk.

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