5 years ago
CN Bio Innovations Raises $9 Million to Advance Drug Discovery Technology
CN Bio Innovations, a cell culture company based in Cambridge, UK, has secured $9 million in funding led by CITIC Securities Investment Co., Ltd
The company plans to use the funds for commercial development, strengthening its position in the US, expanding operations across Europe, and driving sales of products and services, including the PhysioMimix™ platform
CN Bio's technology focuses on micro-physiological systems for drug discovery, providing predictive human tissue-based data.
ProblemHealthcare
"Drug discovery is expensive and time-consuming, with many promising drugs failing in clinical trials due to lack of predictive power in preclinical testing."
Solution
"CN Bio Innovations has developed organ-on-a-chip technology that mimics human organs and allows for more accurate and efficient preclinical drug testing, reducing the risk of failure in clinical trials."