Currently, it costs a public bank approximately USD $2,000 to collect, test, and process a unit of cord blood for storage. In order to accept donations at no cost, public banks require income to support themselves. This income can come from federal funding, the profit margin of private banking, or from selling donated cord blood units for research. Alternatively, it can come from a combination of the above.
Ncardia announces completion of €10.5M Investment Round
Stem cell technology innovator continues rapid growth, plans further global expansion to become the global leader in hiPSC-based drug discovery & development solutions
Gosselies, Belgium, 17th November 2017 – Ncardia, an emerging drug discovery and development stem cell technology company whose mission is to deliver cardiac and neural drug discovery and safety solutions based on its best-in-class human induced pluripotent stem cell (iPSC)-derived technology, today announced the completion of a €10.5 million Series B financing round. The round was led by Épimède, a Belgium venture capital firm.
Ncardia is a privately held company with operations in Europe and the US, that produces and commercializes high-quality, fully functional human iPSC derived cardiovascular and neuronal cell types. Using its cell products, Ncardia develops and commercializes electrophysiology-, biochemistry- and contraction-based assay services for predictive safety pharmacology, toxicology testing and drug efficacy screenings. In addition the company has built up a strong portfolio of patents covering the use of stem cell models for these applications. Ncardia believes that stem cell technology fast-tracks the delivery of better medicines to patients by improving the drug discovery process. [Read more…]
Celularity Accelerates Breakthrough Placental Discovery & Therapeutic Platform
New Biotechnology Company Accelerates the Delivery of Transformative Innovations in Treatments of Cancer, Inflammatory & Degenerative Diseases, and Functional Regeneration
Luxcel, Axiogenesis, and BMG LABTECH Secure €2.5M for Cell Metabolism Analysis Platform
Luxcel Biosciences, Axiogenesis, and BMG LABTECH have announced €2.5M in funding to develop and launch a cell metabolism analysis platform, MetaCell™.
Together, these companies European technology subject matter experts (SMEs) have been awarded €2.5m funding from the European commission under the H2020 Fast Track to Innovation (FTI) pilot. The funding will support development of a cell metabolism analysis platform that aims to become integral to in vitro cell biology and drug development. [Read more…]
Axiogenesis Secures Funding for Market Expansion from Sino-German High-Tech Fund
Founded in 2001 and headquartered in Cologne, Germany, Axiogensis is one of a small number of companies specializing in induced pluripotent stem cell (iPSC) products. The company also has an American subsidiary that was founded in 2014 and is located in Philadelphia, Pennsylvania. Since its launch, the company has grown into a market leader for in vitro models of healthy and diseased cell types and tissue. [Read more…]