Navigation Links
BioMedomics, Inc. Closes $690K Round of Financing
Date:1/14/2014

Research Triangle Park, NC (PRWEB) January 14, 2014

BioMedomics, Inc., a Point of Care (POC) diagnostic company focusing on ultra-sensitive POC diagnostic platforms and novel disease specific POC tests, announced today that it has closed on their first round of financing netting a total of $690,000. The investment is from private investors and is the first outside equity capital in the company. This group of private investors has significant successful experience in early investments in diagnostics companies and includes Tom Roberg who was most recently Vice Chairman of the diagnostic company Advanced Liquid Logic.

Approximately $6 million in non-dilutive monies have already been invested in BioMedomics technologies enabling the company to initiate development of a range of ultra-sensitive diagnostic platforms and novel disease specific tests including acetaminophen overdose, sickle cell disease, and alpha-thalassemia, among others. This investment of outside equity capital will allow the company to meet several significant developmental milestones as well as round out its scientific staff.

“We are thrilled to have such strong support and validation of our technologies from these experienced diagnostics investors,” said Dr. Frank Wang, CEO of BioMedomics, “Our prior grant funding has made it possible to establish an excellent group of diagnostic products. This investment will provide us the ability to focus our efforts on the next stage developmental milestones necessary for additional non-dilutive grants or follow-on capital. We are extremely excited about the potential this funding brings to BioMedomics.”

About BioMedomics, Inc. – BioMedomics was founded in 2006 and is located in Research Triangle Park, NC. BioMedomics is developing advanced highly sensitive and quantitative rapid POC diagnostic platforms and novel disease specific diagnostic tests for the $16 billion POC diagnostic market. The company’s goal is to make POC testing widely accessible with the same level of sensitivity and quantitation as complex and expensive central lab tests.

The core competencies of the company are a strong combination of biology, biochemistry, and biomedical engineering expertise that underline its technology and product development. To meet the increasing need for improved sensitivity in POC diagnostics the company is developing its next generation Time Resolved and Nanotube platforms. Both of these platforms have the potential for sensitivity below the one picogram/mL level. The company also has a particular expertise in developing POC tests for Drugs of Abuse/Overdose and hemoglobinopathies. Tests currently under development include acetaminophen overdose, Sickle Cell Disease, Alpha Thalassemia, and Heparin Induced Thrombocytopenia, among others.

Read the full story at http://www.prweb.com/releases/2014/01/prweb11480517.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related biology technology :

1. Radius Closes $27.65 Million Second Tranche of Previously Announced Financing
2. Avaxia Biologics, Inc. Closes $4.1 Million Series A Financing to Advance Oral Antibodies for Inflammatory Bowel Disease
3. OncoSec Closes $7.75 Million Public Offering
4. AyoxxA Biosystems Closes Series A Financing Round
5. Enviva Closes on $120 Million Senior Secured Credit Facility
6. Avelas Biosciences Closes $7.65 Million Series A, Advances Real-Time Tumor Visualization Technology Toward Development
7. Biscayne Pharmaceuticals Closes $1.5 Million Financing To Advance Recent Discoveries Of Pioneering Endocrine Drug Researcher
8. Nasseo, Inc. Joins BioInspire™ Medical Technology Incubator, Closes Seed Funding Round
9. Aratana Closes $10 Million Non-Dilutive Financing with Square 1 Bank
10. iBio, Inc. closes $4.2 million public offering and terminates At-the-market offering
11. Westchester Library Closes Due to Bed Bugs, My Cleaning Products Recommends Pesticide-Exempt Bed Bug Spray to Officials and Others Suffering from the Pests
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/18/2017)... DUBLIN , Feb 17, 2017 Research ... Global Strategic Business Report" report to their offering. ... The report provides separate ... Europe , and Rest of World. Annual estimates and ... six-year historic analysis is provided for these markets. Market data and ...
(Date:2/17/2017)... , Feb. 17, 2017  Protagonist Therapeutics, Inc. ... on its oral peptide drug candidates, PTG-100 and ... the European Crohn,s and Colitis Organization (ECCO).  The ... Barcelona, Spain from February 15 – ... preclinical data on Protagonist drug candidates PTG-100 and ...
(Date:2/16/2017)... , Feb. 16, 2017  MDNA Life ... the development of liquid biopsy tests based on ... into an exclusive license agreement with its first ... proprietary liquid biopsy test for prostate cancer, the ... Korea . This is the first overseas ...
(Date:2/16/2017)... , February 16, 2017 ... infusion of innovative telemedicine application, new and leading ... are experiencing a boom worldwide. The healthcare sector ... of technologies, services and new therapies for companies ... (TSX-V: RHT), Cellectar Biosciences, Inc. (NASDAQ: ...
Breaking Biology Technology:
(Date:2/3/2017)... 3, 2017 A new independent identity strategy ... LLP (IdSP) . Designed to fill a critical niche ... market, founding partners Mark Crego and ... just in identity expertise that span federal governments, the ... The Crego-Kephart combined expertise has a common theme born ...
(Date:2/2/2017)... -- EyeLock LLC, a market leader of iris-based identity authentication ... You Should Know About Biometrics in the Cloud ."  ... a growing concern. In traditional schemes, cryptography is used ... schemes such as username/password suffer from inherent weaknesses. ... elegant solution to the problem of high-security user authentication. ...
(Date:2/1/2017)... IDTechEx Research, a leading provider of independent market research, business ... new report, Sensors for Robotics: Technologies, Markets and Forecasts 2017-2027 ... ... Revenues of ... for Robotics: Technologies, Markets and Forecasts 2017-2027: Machine vision, force sensing ...
Breaking Biology News(10 mins):