2 years ago
ImmuONE Raises £2 Million to Advance 3D Human Lung Model for Drug Testing
UK-based biotech company ImmuONE, a University of Hertfordshire spin-out, has secured £2 million in funding
The investment came from the MEIF Proof of Concept & Early Stage Fund, managed by Mercia Ventures, as well as Mercia’s EIS funds and Pioneer Group
ImmuONE has developed a 3D human lung model that can assess the safety of new drugs without animal testing
The funding will enable ImmuONE to move into new headquarters and laboratories, expand capacity, continue research and development, and grow its team
The company's approach involves growing human lower lung tissue and immune cells in a laboratory to create a 3D model, which enables companies to avoid animal testing and test the impact of their products on the small airways and inflammation in the lung.