Original disclosure @ EIB website
Updated in EWS Apr 10, 2023
Disclosed by Bank Jul 29, 2022
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According to the Bank’s website, Numares AG is a medtech company based in Regensburg (Germany) with subsidiaries in Boston and Singapore. Founded in 2004 as a spin-off of Regensburg University, the company employs 60 full-time equivalents (FTEs). It focuses on the development of Axinon, a modular software-based system for diagnostics based on nuclear magnetic resonance (NMR) metabolomics with multiple applications. The project will consist in completing the ongoing clinical studies in conjunction with relevant cost items providing Numares with sufficient runway to commercialise its platform.
The EIB financing will support the research and development (R&D) activities of the Promoter to further develop in-vitro diagnostic (IVD) tests based on Axinon, a novel fully automated and software-based, IVD platform designed to obtain high-quality Nuclear Magnetic Resonance (NMR) metabolomics data from liquid biopsy samples in a robust and reproducible way for multiple indications. The primary objective is to further advance the technology, conduct additional clinical studies to validate the leading diagnostic tests, and obtain regulatory approval enabling market access. The eligible investment plan incorporates R&D activities, including, inter alia, clinical validation, regulatory, and related expenses to finance the development of the products. The proposed transaction will enable the Promoter to address an increasing demand for IVD. In addition, it will encourage the growth and development of European scientific acumen.
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No contact information provided at the time of disclosure.
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