Le Lézard
Classified in: Health, Business
Subject: VEN

Intabio Raises $9.5 Million in Series A Financing


NEWARK, Calif., Oct. 30, 2018 /PRNewswire/ -- Intabio, Inc. today announced the close of a $9.5 million Series A financing round led by Northpond Ventures,  a science-driven venture capital ?rm headquartered in Bethesda, Maryland. Launched in 2016, Intabio raised $3.2M in its initial Series Seed financing in 2017. Intabio's previous investors including Genoa Ventures and Vertical Venture Partners also participated.

Intabio, Inc. Logo

Intabio's Blazetm platform performs a comprehensive analysis of antibody and protein biopharmaceutical products in development with blazing speed, offering 100-fold higher throughput over traditional methods. The Blaze system helps biopharma companies meet the accelerated timelines required for breakthrough therapy applications, reducing the risk of costly production delays and failures.

"Northpond is delighted to join Intabio, as the Blaze platform has the potential to make a powerful impact on the key biomanufacturing performance drivers ? improving product quality, reducing manufacturing cost, and increasing speed to market." said Michael P. Rubin, M.D., Ph.D., Founder and CEO at Northpond. Dr. Rubin joins Intabio's board of directors alongside Intabio's Series Seed lead investor, Dr. Jenny Rooke of Genoa Ventures.

"Our Early Access customers are providing valuable insights into the vastly improved workflows provided by the Blaze system, both as a stand-alone QC or MS-integrated system for comprehensive characterization," added Intabio's CEO and co-founder, Lena Wu, Ph.D. "These Series A funds fuel our commercial system development and our pursuit of a portfolio of analytical tools for biotherapeutic product quality characterization."

About Intabio
Intabio, Inc. is a Silicon Valley-based company developing analytical solutions to transform biotherapeutic development and manufacturing with products that provide early product quality characterization and profound efficiency gains across all stages of biopharmaceutical development and manufacturing. Intabio's first product, the Blaze system, is a microchip-based instrument system that will provide rapid detection and identification of subtle protein modifications - modifications that can undermine the stability and efficacy of biotherapeutic drugs such as monoclonal antibodies and recombinant proteins. For more information, please visit us at www.intabio.com.

CONTACT: info@intabio.com

 

SOURCE Intabio, Inc.


These press releases may also interest you

at 10:20
Alterra.ai, a Deep Learning startup that builds virtual assistants for intelligent customer engagement and support, announced that Alterra Answer Bot is now available in Zendesk Marketplace. With up to 90% precision, Alterra Answer Bot is the most...

at 10:19
Chicken Salad Chick, the nation's only southern inspired, fast casual chicken salad restaurant concept, is reporting significant growth in 2018, opening 26 new restaurants and signing 21 franchise agreements to expand its footprint throughout the...

at 10:17
Xtra Brands is pleased to announce they have partnered with Marshall Amplification to create an exciting new range of bags and wallets under a global licensing agreement. The bags are designed to be durable, practical and...

at 10:17
PDSI, a premier third-party development company for the hotel industry, is pleased to announce the opening of their 6th office location in San Juan, Puerto Rico.  Adding to their existing five national locations, PDSI has strategically positioned...

at 10:15
TwentyEighty Strategy Execution, Inc. has been named one of Enterprise Services Outlook's Top 10 Corporate Education & Training Companies for 2018. The global business magazine annually selects the top 10 companies that provide learners with the...

at 10:15
Today Nestlé Purina announced the expansion of its Bloomfield factory in Southeast Missouri where Tidy Cats brand cat litter is made. The expansion represents a $115 million investment that will allow Purina to meet a growing demand from cat owners. ...



News published on 30 october 2018 at 08:00 and distributed by: