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Atlas Genetics Fundraising Pulls In New Chinese Investment

 
• By Catherine Longworth

Atlas Genetics, a UK point-of-care molecular diagnostics developer, has raised $35m in Series D financing from an investor syndicate. The funding round attracted existing shareholders and new investment from Chinese in vitro diagnostic company Wondfo Biotech.

UK point-of-care diagnostics developerAtlas Genetics Ltd. has raised $35m from an investor syndicate to finance US clinical trials and commercialization of Atlas' second diagnostic product, a combined chlamydia and gonorrhoea test that runs on the company's io electrochemical sensor technology.

The io platform relies on test-specific disposable cartridges and a small benchtop instrument to deliver results within 30 minutes. Atlas Genetics said the equity would also be used to expand...

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• By Medtech Insight Team

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