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."

      Covered on