GE Leads $100 Million Fund for Breast Cancer Challenge

September 13, 2011

Sept. 15 (Bloomberg) -- General Electric Co. joined four venture capital firms in pledging $100 million for a six-month contest to finance ideas for improving breast cancer detection.

The goal is to speed the diagnosis of breast cancer, the most common form of the disease in women, and find more-precise therapies, GE said today in a statement. Breast cancer also will be the initial focus of a $1 billion GE investment over five years to develop products to detect disease early and treat tumors. Read more>>>>