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Biocartis Raises EUR10 Million in Series A Financing Round
Date:10/15/2009

Director and CEO, commented "This successful financing is an important endorsement of the innovation and advances the Biocartis team has made and allows us to further accelerate the development, validation and industrialization of the new diagnostic platform and its various components. I am particularly pleased that we are joined and backed by life-science investors who have had a very strong track record in building and financing some of the most successful European biotech and diagnostic companies."

Biocartis is based in Lausanne, Switzerland, where it benefits from access to the Swiss Federal Institute of Technology (Ecole Polytechnique Federale de Lausanne - EPFL), a leading European academic institution in Micro-&Nanotechnology and Life Sciences, with first-class clean room and laboratory facilities that can be accessed by the companies located in the EPFL Science Park. Access to this multi-disciplinary environment has already been crucial to Biocartis' rapid progress and will play an important role in its future development.

Note for the editor

About Biocartis - http://www.biocartis.com

Biocartis S.A. was founded in 2007 by Dr. Rudi Pauwels (Co-founder of Tibotec, Virco and Galapagos Genomics), Prof. Philippe Renaud (Prof. at EPFL), and Nader Donzel (Co-founder of Scitec laboratory Automation). Biocartis engages in the development of a novel diagnostics technology platform for low to highly multiplexed detection of bio-analytes. The Company is focused on delivering a versatile compact diagnostics platform, for use in various in vitro diagnostic settings that will drastically reduce the time and costs per value added data point.

About Aescap Venture - http://www.aescap.com

Aescap Venture is a venture capital company investing in private medical companies in Europe. Aescap's Part
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SOURCE Biocartis
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