© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Atlas Genetics Completes $20m Series C Fundraising
Posted 27th February 2015

Atlas Genetics Completes $20m Series C Fundraising

NULL

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Atlas Genetics Completes $20m Series C Fundraising
Image

Atlas Genetics Completes $20m Series C Fundraising

Atlas Genetics Ltd (“Atlas” or the “Company”), the ultra-rapid ‘test and treat’ molecular diagnostics company, announced the completion of a Series C financing, raising $20 million from a syndicate including existing investors and one new investor, RMI Partners.

New investor, RMI Partners, is a global life sciences venture capital firm, the largest in Eastern Europe. Existing investors include Novartis Venture Funds, Consort Medical plc, Johnson & Johnson Innovation – JJDC, Inc., LSP, BB Biotech Ventures and South West Ventures Fund. This newly announced financing follows on from the previously announced Series B fundraising of $25 million.

Atlas develops ultra-rapid point-of-care diagnostic tests for infectious diseases. The io® system is at an advanced stage of development and is expected to be launched in Europe with the first test for Chlamydia later this year. The Series C investment will be used to accelerate the launch of the io® system, initiate US clinical trials, and expand the menu of tests available initially in the STI (sexually transmitted infections) and HAI (hospital acquired infections) markets.

Dr John Clarkson, Chief Executive Officer of Atlas, commented: “We would like to thank our investors for their continued support and we are delighted to welcome RMI Partners to the syndicate. This is an exciting time for the Company as we prepare our first product, a test for the sexually transmitted infection Chlamydia, for launch in Europe later this year. The funds raised will enable us to commercialise our io® system and to build out a programme of much needed ‘test and treat’ assays in markets where time really does matter, both for the physician and for the patient.”

For more information about Atlas Genetics, please visit atlasgenetics.com.

Categories: Finance


You Might Also Like
Read Full PostRead - Eye Icon
The Art of Transfer Pricing
Finance
29/09/2016The Art of Transfer Pricing

Set up in 1971, Vaish Associates Advocates (‘VA’) is a full-service law firm based in New Delhi, Mumbai, and Bengaluru, India, having an experienced team of 12 partners and over 100 associates, specialising in direct tax, corporate laws, and intellectual p

Read Full PostRead - Eye Icon
Oando Plc Acquires Assets from ConocoPhillips
M&A
27/02/2015Oando Plc Acquires Assets from ConocoPhillips

In July 2014, Oando, one of Africa’s largest integrated energy solutions providers, acquired ConocoPhillips’ Nigerian oil and gas business for $1.5bn. We took a closer look at this landmark deal

Read Full PostRead - Eye Icon
The Benefits of Hiring an Accountant For Your Small Business
News
20/04/2022The Benefits of Hiring an Accountant For Your Small Business

Accountants play an important role in supporting businesses, and they handle all financial matters from tax to payroll to sustain a growing business. Virtual CFO Services For Small Businesses. Keywords: Accountant, benefits of hiring an accountant. The Benefit

Read Full PostRead - Eye Icon
Direct-to-Consumer Healthcare Solutions
News
17/01/2024Direct-to-Consumer Healthcare Solutions

Founded in 1995, Precision is a data and technology driven solutions company that provides end-to-end marketing and creative services to pharmaceutical companies. Precision offers clients streamlined solutions that promote, market, and sell their products dire

Read Full PostRead - Eye Icon
7 Facts That Prove Entrepreneurship Is Thriving in UK Post Brexit – Survey
Innovation
17/11/20167 Facts That Prove Entrepreneurship Is Thriving in UK Post Brexit – Survey

Entrepreneurial spirit and optimism remains high in the UK according to new UK research released by Amway.

Read Full PostRead - Eye Icon
Can I Sign Documents Remotely While Self-Isolating?
Legal
17/03/2020Can I Sign Documents Remotely While Self-Isolating?

With many businesses reviewing business continuity policies in light of COVID-19, Jonathan Askin, corporate and commercial partner at JMW Solicitors, thought it might be helpful to set out to how e-signatures work so that this can be built into planning proced

Read Full PostRead - Eye Icon
5 Ways To Lessen Your Business’s Carbon Footprint
Innovation
13/04/20235 Ways To Lessen Your Business’s Carbon Footprint

The world is becoming more aware of environmental sustainability. Industries are shifting how they operate, from sourcing and production to waste disposal, to meet their obligations in environment conservation.

Read Full PostRead - Eye Icon
WorldRemit raises $100m funding round to drive global growth
Finance
Read Full PostRead - Eye Icon
Hair Raising!
Leadership
30/10/2017Hair Raising!

Hair Raising!



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow