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Leuven-based miDiagnostics gets €14 million to commercialise remote clinical testing

26 March 2020

miDiagnostics, a Leuven-based health tech startup developing silicon chip technology for clinical tests, has raised €14 million from existing investors, plus Dr. Rudi Pauwels and Dr. Ir. Urbain Vandeurzen.

miDiagnostics
https://www.youtube.com/watch?v=NSinO79LvYs&t=4s

(Video shot at the Bio International Convention 2019, by Leuven MindGate)

MiDiagnostics aims to make “diagnostic information as readily accessible as digital information on a smartphone,” according to CEO Nicolas Vergauwe. Combining a nanofluidic processor on a chip and a compact reader, the startup claims it can measure virtually any biomarker from an easily acquired sample, such as drops of blood from a fingerprick.

The diagnostics platform has potential in specific healthcare scenarios, all of which made centrally relevant by the coronavirus outbreak: monitoring chronic patients at home; fast screening for physicians or remote health centers in developing countries; and widespread monitoring during pandemics.

The proprietary technology was invented by imec, an R&D and innovation hub in nanoelectronics in Belgium, and Johns Hopkins University, a leading US research and medical centre. Both organisations are investors in the Leuven-based startup, along with PMV, a Flemish investment fund, and other serial entrepreneurs.

The funding will speed up development of the nanofluidic processor on a chip and prepare it for “industrial-scale manufacturing”.

Source: Tech.eu


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