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:1/18/2017)... 2017   Parent Project Muscular Dystrophy (PPMD) , ... Duchenne muscular dystrophy (Duchenne) , today announced a $600,000 ... of Technology (NJIT) and Talem Technologies (Talem) as part ... to assist people living with Duchenne. PPMD is ... an embedded computer, software, a force sensor and a ...
(Date:1/18/2017)... ... January 18, 2017 , ... Total Orthopedics and Sports Medicine ... Solofuse-P™. The operation took place on Wednesday, January 11, 2017 at Long Island ... anterior cervical discectomy and fusion on a 42 year old female who was ...
(Date:1/18/2017)... ... January 18, 2017 , ... Announced in December ... Institutes (MII). U.S. Secretary of Commerce Penny Pritzker has announced the award of ... of Defense has announced the award of a new Advanced Regenerative Manufacturing Institute ...
(Date:1/18/2017)... ... 18, 2017 , ... Researchers from a new study are stating that if levels ... prostate cancer treatment, this indicates there is still remaining prostate cancer cells that are more ... PSA test has always been an indicator of whether a man’s prostate cancer is ...
Breaking Biology Technology:
(Date:12/15/2016)... and BADEN-BADEN, Germany , December 15, ... global financial services provider, today announced an agreement with NuData ... biometrics, to join forces. The partnership will enable clients to ... in compliance with local data protection regulation. ... In order to provide ...
(Date:12/15/2016)... ... has announced the addition of the "Global Military Biometrics Market 2016-2020" ... global military biometrics market to grow at a CAGR of 7.5% during ... on an in-depth market analysis with inputs from industry experts. The report ... The report also includes a discussion of the key vendors operating in ...
(Date:12/15/2016)... HILLS, Mich. , Dec. 15, 2016  There ... unlocking car doors or starting the engine. Continental will ... in Las Vegas . Through the ... (Passive Start and Entry) and biometric elements, the international ... field of vehicle personalization and authentication. "The ...
Breaking Biology News(10 mins):