PharmaFluidics raises 2.7 million euro to commercialize novel micro-chip device for Biomarker, Diagnostics and Drug development applications
Ghent, Belgium - 17 January 2017
PharmaFluidics NV, a game-changing innovator in the field of analytical chromatography, announced today that it has raised 2.7 million euro of additional funding.
The funding was subscribed by a consortium of PharmaFluidics’ existing shareholders, new investors and management. Shareholders include Qbic Arkiv Fund, the Flemish investment company PMV, Theodorus Fund, Innovation Fund and Volksvermogen.
The funds will be used to expand the company’s team and efforts to commercialize its proprietary µPAC™ micro-chip based chromatography cartridges for use in biomarker, diagnostics and drug R&D applications worldwide.
Johan Devenyns, Managing Director PharmaFluidics: “Today, our µPAC™ cartridges already convincingly outperform state-of-the-art nano-LC columns currently used, as demonstrated by a variety of real-life proteomics, metabolomics and lipidomics lab analysis tests. Our micro-chip based chromatography cartridges provide substantial added value and time savings potential for biomarker and bio-similar developers. The renewed commitment of shareholders confirms their trust in the technology and potential of the company and team, associates and advisors”.
The key expertise and IP portfolio include the design, lithographic production, and surface treatment of silicon wafers for use as separation devices in liquid chromatography. PharmaFluidics collaborates with an extensive network of Centers of Excellence and pioneer users to develop an increasing range of applications.