Navigation Links
Axela Inc. Retains Investment Bank to Evaluate Strategic Opportunities
Date:2/1/2013

TORONTO, Feb. 1, 2013 /PRNewswire/ -- Axela Inc. announced it has appointed AmeriTech Advisors healthcare investment banking team to respond to recent strategic interest from life science industry companies. This involves licensing or sale of rights to certain of the company's recently developed multiplex tests and proprietary platform technologies.

Over the last 2 years Axela has successfully transformed itself from being an engineering based, life-science tools company, into a strategically focused solutions provider, poised to exploit large market opportunities in Cancer, Immunology, Specialty Diagnostic and Life Science markets.  Axela has focused its MDX applications on rapidly growing markets which demand the combination of high numbers of gene and/or protein markers, rapid results and competitive pricing.

Axela's Flow-thru Array® platform addresses the gap that exists between multiplexed nucleic acid PCR and high density DNA/RNA arrays. The Ziplex® platform is more cost effective and unlike existing approaches, can be readily integrated into established laboratory workflows while  measuring 125-150 genes.  Recently, capabilities have been expanded to include fully automated multiplex protein analysis, offering significant advantages over bead or plate based platforms.  Ziplex, which is patented with extensive freedom to operate, can simultaneously measure more than 50 proteins rapidly while consuming only a few microliters of sample.  Performance has been demonstrated in infectious diseases, traumatic brain injury, and allergy testing applications.

Axela has also significantly advanced the company's second generation diffractive optics platform in collaboration with SONY DADC as part of a development program called ClearDx. The result is a cost efficient and very flexible protein multiplexing platform designed to move the delivery of Personalized Medicine closer to the patient. The platform is supported by a large patent estate and is uniquely well positioned to deliver highly informative assays in multiplex format (32+) at the point of use for human and veterinary diagnostics, research or bioproduction monitoring.

Strategic alternatives the Company may pursue could include a merger, partnering or other collaboration agreements, an equity or debt financing, sale of the Company or other strategic transactions.  The Company does not intend to disclose developments with respect to this process until the evaluation of strategic alternatives has been completed and the board of directors has approved a specific transaction.

About AmeriTech Advisors
AmeriTech is an investment bank dedicated to providing capital raising and strategic advisory services to emerging growth companies in the technology and medtech sectors with market capitalizations of between $25 million and $500 million. Their bankers have 20 years' experience at major global investment banks and as senior managers at public companies with experience executing successful transactions. Their goal is to build mutually beneficial relationships between our emerging growth company clients, technology and medtech/pharma partners, and their network of investors.

Contact:
Dan D'Agostino
Managing Director
AmeriTech Advisors
708 Third Avenue, 5th fl.
New York, NY 10017
T: 212-209-3885
C: 917-596-9870
F: 212-209-7101
ddagostino@ameritechadvisors.com

Member FINRA/SIPC.

 


'/>"/>
SOURCE AmeriTech Advisors
Copyright©2012 PR Newswire.
All rights reserved

Related biology technology :

1. BioRestorative Therapies Retains KCSA Strategic Communications as Investor Relations Counsel
2. As Released on 30 December, 2011: Novogen Modifies ADR Program and Makes Further Investment Into Marshall Edwards
3. Life Technologies to Present at Upcoming Investment Conferences in February
4. New investment aims to establish the UK as a global graphene research hub
5. Amarantus BioSciences to Present at the 2012 National Investment Banking Association Conference in New Orleans
6. City of Mason and Top Gun Sales Performance Announce $4 Million Investment In New Corporate Headquarters
7. Enox Biopharma, Inc. Will Present at IN360 Investment in Innovation Conference
8. Regenerative Sciences Receives $2M Investment for Orthopedic Stem Cell Initiatives
9. Foundation Venture Capital Group Makes Eighth Start-Up Investment
10. Israeli Ministry of Finance Hosts Israel Investment, Innovation and Trade Forum in New York
11. David Lichtenstein: Biotechnology is Rich Area for Investment
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/28/2017)... ... April 28, 2017 , ... KCAS Bioanalytical ... a 0.2 ng/mL lower limit (LLOQ) assay for nicotine and two key metabolites ... the ultra-low trace nicotine assay meets additional needs of tobacco industry that need ...
(Date:4/27/2017)... ... April 27, 2017 , ... This month ... consent (eConsent) solution that simplifies research studies, accelerates study startup, and improves participant ... Q Consent™ is the first and only IRB-integrated eConsent solution . , ...
(Date:4/27/2017)... ... April 27, 2017 , ... Volunteers ... other scientists, researchers, engineers, and industry professionals in visiting U.S. Congressional offices in ... compete in the world photonics industry. , This year, National Photonics Initiative ...
(Date:4/26/2017)... SC (PRWEB) , ... April 26, 2017 , ... ... mind, has teamed up with NASA to showcase the future of deep space ... Launch System (SLS) rocket and Orion spacecraft and includes a guest appearance by ...
Breaking Biology Technology:
(Date:4/6/2017)... , April 6, 2017 Forecasts ... ANPR, Document Readers, by End-Use (Transportation & Logistics, Government ... Oil, Gas & Fossil Generation Facility, Nuclear Power), Industrial, ... Other) Are you looking for a definitive ... ...
(Date:4/5/2017)... April 5, 2017 Today HYPR Corp. ... the server component of the HYPR platform is officially ... the end-to-end security architecture that empowers biometric authentication across ... has already secured over 15 million users across the ... of connected home product suites and physical access represent ...
(Date:4/4/2017)... YORK , April 4, 2017   EyeLock ... today announced that the United States Patent and Trademark ... patent broadly covers the linking of an iris image ... same transaction) and represents the company,s 45 th ... latest patent is very timely given the multi-modal biometric ...
Breaking Biology News(10 mins):