UK s Linear Diagnostics secures £800k for point of care diagnostics platform
UK s Linear Diagnostics secures £800k for point of care diagnostics platform 24 February 2021 | News The funds received by the University of Birmingham spinout will enable Linear Diagnostics to develop a prototype single-use cartridge and reader for our duplex test for chlamydia and gonorrhoea
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Birmingham-based Linear Diagnostics Ltd has secured £800,000 from the Midlands Engine Investment Fund (MEIF) and other investors in the company’s second round of funding, which will enable the company to commence the development of the hardware platform for its tests
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The finance will facilitate the ongoing development of the company’s high-speed platform technology for point-of-care diagnostics. The funding package includes backing from MEIF Equity Finance, managed by venture capital firm Midven, the University of Birmingham and the UKI2S Fund. The UK Futu