Holy Grail?

Grail Biotech seeking to raise $1B for Cancer. Is this legit? Biotech seems like such a gamble sometimes.

https://www.statnews.com/2017/01/05/cancer-blood-test-grail-illumina/

“Well, this is stunning: Looks like Grail, the Illumina spinout that’s working on an early blood-based screening test for cancer, will be raising a Series B round that clocks in at more than $1 billion.”

Nerdy Asian guys getting with hot white chicks?