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Biognosys Completes Series G Financing Round to Accelerate its Expansion into Clinical Trials Market
Biognosys closes Series G round with new and existing investors to accelerate implementation of discovery proteomics in clinical trials.
Biognosys provides proteomics research services to innovative pharma and biotech firms. They use the company’s technology in their pre-clinical research, providing deep and precise protein expression profiling for the development of biomarkers and analysis of mode of action. As demand for the use of these services in the clinical phase is growing, the new financing round will help the company to further scale up its operations and start serving clients’ drug development projects in the clinical phases.
Dr. Oliver Rinner, Founder and CEO of Biognosys, says: “We are striving to provide the deepest and most precise proteomics data to our clients. We are very excited with the perspective to be pioneers in bringing discovery proteomics to clinical trials and provide our advanced data analysis services at a much larger scale.”
The financing round includes a new industrial investor, in addition to existing institutional and private shareholders. The funds will be invested into building a new GCP-certified facility in Switzerland, increasing current operational capacity as well as enhancing the company’s sales force, further expanding its commercial presence in the US (both East and West Coast), Europe, and Asia.
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