Navigation Links
Gyros Raises SEK 80 Million to Accelerate the Commercialization of its Gyrolab(R) Systems for the Cost-Efficient Development of Biopharmaceuticals
Date:6/29/2009

UPPSALA, Sweden, June 29 /PRNewswire/ --

- Financing Led by SLS Invest Will Fund Gyros to Profitability

Gyros AB, the leading provider of automated micro-immunoassays for therapeutic protein development, announces that it has raised SEK 80 million (approximately euro 7.5 million) in an equity fundraising led by SLS Invest, the Company's leading shareholder. The new funds will enable Gyros to drive the further commercialization of its Gyrolab technology. This unique technology platform is rapidly gaining traction with leading pharma and biotech companies as well as CROs and CMOs focused on the efficient, accelerated development of new biopharmaceuticals. A growing list of more than 20 companies worldwide, including Merck, MedImmune, GSK, Amgen, Pfizer, Ablynx and ThromboGenics, currently benefit from Gyros' unique Gyrolab systems, with an installed base of 40 systems.

SLS Invest is a leading Scandinavian life science investor and its decision to lead this funding round reflects confidence in the potential of Gyros' automated micro-immunoassays for accelerating the development of therapeutic proteins. It also is in line with SLS Invest's revised investment approach, which is centred on providing greater support to a smaller number of its portfolio companies. SLS Invest's confidence in Gyros' future success is evidenced by the fact that, following the financing, it owns an 88% shareholding in Gyros.

The financing was also supported by Industrifonden, a foundation that invests in innovative Swedish companies, which now has an 8% stake in Gyros. SLS Invest, together with Industrifonden, is committed to providing the funding needed for Gyros to achieve profitability.

Commenting on today's announcement, Erik Wallden, CEO of Gyros, said, "I am delighted that SLS Invest has led this SEK 80 million equity fundraising. These new funds will provide the financial resources that
'/>"/>

SOURCE Gyros AB
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related biology technology :

1. Pearl Therapeutics Raises $15.5 Million in Private Financing
2. Enobia Pharma Raises $40.1 Million Series B Financing
3. Cardiosolutions Raises $7 Million for Spacer Technology to Mitigate Mitral Regurgitation
4. MannKind Corporation Raises $250 Million in Self Managed Registered Direct Offerings of Common Stock
5. VisEn Medical Raises $7 Million in Series B Financing
6. Thermo Fisher Scientific Reports Record Third Quarter Revenues and Adjusted EPS and Raises Full-Year Guidance
7. Gen-Probe Reports Strong Financial Results for Third Quarter 2007, Raises Full-Year Guidance for Earnings Per Share and Total Revenues
8. Antibody Engineering Company f-star Raises EUR 3.0 Million in a Second Closing of its Series A Financing Round From Novo A/S
9. Perrigo Announces Final FDA Approval of Dexcels OTC Omeprazole; Raises Full Year Earnings Guidance
10. Anesiva Raises $45 Million in Common Stock Offering
11. Follica Raises $5.5 M To Advance New Treatment for Androgenetic Alopecia Into the Clinic
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/15/2014)... 2014 TaiGen Biotechnology Company, Limited ("TaiGen") today announced ... a leading Russian pharmaceutical company, to develop and commercialize ... Federation , Turkey and ... a novel antibiotic for the treatment of bacterial infections ...
(Date:1/14/2014)... , Jan. 14, 2014  3D Communications, a leading provider of ... regulatory, business, and media events in the United States ... former associate Virginia Cox , JD, is returning to the ... Virginia Cox re-joins 3D after more than two years of ...
(Date:1/14/2014)... and BETHESDA, Md. , ... joining together with two institutes from the National Institutes ... tools for bringing safer, more effective treatments to patients ... National Center for Advancing Translational Sciences (NCATS) and the ...
(Date:1/14/2014)... Global Record Systems, LLC, (GRS), a ... for patients, physicians, the biopharmaceutical industry, regulators, payers, ... signing of a three-year Research Collaboration Agreement (RCA) ... This initiative is designed to generate disruptive ...
Breaking Biology Technology:TaiGen Biotechnology Signed Exclusive License Agreement with R-Pharm for Nemonoxacin (Taigexyn(R)) 2TaiGen Biotechnology Signed Exclusive License Agreement with R-Pharm for Nemonoxacin (Taigexyn(R)) 3TaiGen Biotechnology Signed Exclusive License Agreement with R-Pharm for Nemonoxacin (Taigexyn(R)) 4Former FDA Associate Commissioner Returns To 3D Communications 2Organovo Announces Collaboration with National Institutes of Health 2Organovo Announces Collaboration with National Institutes of Health 3Global Record Systems Announces Research Collaboration Agreement with FDA to Create a Novel “Big Data” Paradigm for Collection of Patient Safety and Outcomes Information 2
... trying to justify RFID investment wholly on the basis ... in their supply chain are merely deluding themselves. In ... these areas, it means that gross inefficiencies exist in ... improvements even without applying RFID. , ,The benefits of ...
... Software is partnering with Brooktrout Technology to ... , ,The addition of Brooktrout TR1034 intelligent fax boards to ... integrate real-time fax over IP with their VoIP networks, allowing ... and migrate to an IP-based system in the future as ...
... Care , a not-for-profit network of healthcare services in ... NetScaler, Inc. , for a new high-performance network. ... usage and response time across its network of more ... care clinics, home health care services. , ,System architect ...
Cached Biology Technology:The key to finding RFID's ROI 2The key to finding RFID's ROI 3The key to finding RFID's ROI 4
(Date:4/17/2014)... Current Biology on April 17 have discovered ... Brazilian insects, which represent four distinct but related species ... example of an animal with sex-reversed genitalia. , ... animals, Neotrogla is the only example in ... Yoshizawa from Hokkaido University in Japan. , During copulation, ...
(Date:4/17/2014)... the process whereby the genetic information of DNA ... proteins, which have numerous different functions in living ... intermediary during gene expression, by relating the genetic ... in manufacturing proteins. , By examining the ... in an organism at a given time, researchers ...
(Date:4/17/2014)... full of wild animals and plant life, but there,s ... churning away in the soil, decomposing organic matter and ... role these fungi play in ecological systems, their identities ... scientists has generated a genetic map of more than ... was published this week in the Proceedings of ...
Breaking Biology News(10 mins):In sex-reversed cave insects, females have the penises 2Rapid and accurate mRNA detection in plant tissues 2Stanford biologists help solve fungal mysteries 2Stanford biologists help solve fungal mysteries 3
... gases such as CO 2 , which are now known to ... for a number of years. In contrast to the atmosphere, the ... higher. In the global carbon cycle the sea ab-sorbs a proportion ... into the at-mosphere again. About half of the anthropogenic emission ...
... tomography (PET) imaging, seeing is believing: Evaluating a ... typically involves visual interpretation of scans of cancer ... indexone that reflects the reduction of metabolic activity ... responses to first-line chemotherapy, according to a study ...
... Todays Answers, Tomorrows Questions taking place in London ... brings together policymakers, researchers and natural scientists with what ... research in the field of genomics - the Economic ... DNA, genes and chromosomes are often described as ...
Cached Biology News:New ETH Zurich article published in scientific journal 'Nature' 2Quantitative PET imaging finds early determination of effectiveness of cancer treatment 2From GM farm animals to embryonic stem cell research 2From GM farm animals to embryonic stem cell research 3
... The Finnpipette BioControl is a major ... A complete liquid handling system - ... interchangeable tip cone modules. All five ... cone modules fit one handle. The ...
Sulfadimethoxine (CH-2027)...
alpha-N-Catenin Antibody Shipping Temperature: HOT Storage Temperature: -20C...
Bovine Endometrium Epithelial Cells (BEnEpC) (>500,000 cells)...
Biology Products: