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NC Biotech Center awards nearly $2M in grants, loans to life science firms, universities, groups

NC Biotech Center awards nearly $2M in grants, loans to life science firms, universities, groups
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Morrisville animal health firm raises $7M for move into the human diagnostic realm

AAD raises $7M for point-of-care One Health diagnostics

Share this article Share this article MORRISVILLE, N.C., May 11, 2021 /PRNewswire/  AAD, developer of rapid diagnostic and data systems, today announced a $7M investment to grow the company s platform for fast, point-of-care decisions in animal and human health, supporting One Health objectives to protect human, animal and environmental health. Funds will support commercial expansion of livestock tests and 510(k) submission to the U.S. Food & Drug Administration (FDA) for human blood tests. Mountain Group Partners (MGP) led the round, which included new investors Alexandria Venture Investments and Herbert Group Ltd. as well as Intersouth Partners, Murphy Family Ventures, Labcorp and others.

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