Elephas Biosciences raises $41.5 million

Elephas Biosciences, a Madison cancer startup founded by a former Exact Sciences executive, has raised $41.5 million in Series B financing, according to a company announcement. The company was founded in 2020 by Maneesh Arora, the former chief operating officer at Exact Sciences Corp. The startup is building a platform designed to determine whether a given type of therapy will work for a patient before their treatment begins. Its technology tests patient biopsies against different drugs and uses advanced 3D imaging and artificial intelligence to predict their effectiveness.