Personal Markets – WiSEED helps MagIA diagnostics, a pioneering start-up in ultra-rapid screening for sexually transmitted infections, for its fundraising

Personal Markets – WiSEED helps MagIA diagnostics, a pioneering start-up in ultra-rapid screening for sexually transmitted infections, for its fundraising

MagIA diagnostics is creating a conveyable mini-laboratory that performs, in 20 minutes and from a single drop of blood, a full panel of analyzes for sexually transmitted infections (hepatitis B, hepatitis C, HIV)

WiSEED, a number one platform in digital funding, is launching a set for the advantage of MagIA diagnostics, a Grenoble-based firm (38) which develops new instruments to enhance the detection of infectious ailments and the care of sufferers.

Sexually transmitted infections (STIs) are one of many world’s public well being priorities. WHO figures reveal that just about 40 million individuals are dwelling with HIV/AIDS, 1.8 million folks die of viral hepatitis and HIV and greater than 300 million individuals are nonetheless unaware of their an infection. This discovering is a significant public well being challenge. The worldwide technique developed by WHO goals to display greater than 90% of individuals with HBV, HCV and HIV by 2030.

Primarily based on distinctive experience in micromagnetism utilized to biology, ensuing from 15 years of analysis on the CNRS, MagIA diagnostics has developed a conveyable mini-laboratory which, in 20 minutes, from a drop of blood taken fingertip, as much as 6 organic analyses.

The MagIA resolution, developed to reply to the primary issues of Level-of-Care (POC) prognosis, is a low-cost immunoassay method (aggressive in comparison with check strips) and straightforward to make use of (quick, with out washing, multiparametric and delicate) which relies on using magnetic nanoparticles and micro-magnets.

MagIA diagnostics has chosen to first develop an answer (IBC© Package) devoted to the mixed screening of the three most threatening STIs: HIV and viral hepatitis B and C (HBV and HCV). This primary package will first be meant for screening facilities in Europe after which in america, which display practically 10 million folks yearly, via 4,000 screening facilities and neighborhood facilities already within the first line of screening. A market by which the corporate expects to attain a turnover, at maturity, of roughly €100 million (sale of cartridges and provision/sale of readers).

A primary WiSEED fundraising marketing campaign in 2020 tremendously contributed to the event of the venture and the advance of its system. The funds collected have enabled the event of useful prototypes with analytical efficiency permitting the scientific validation part to be confidently apprehended, in addition to the institution of a pilot operational manufacturing line.

The gathering at present underway on the WiSEED platform goals to boost €500,000, in an effort to speed up the scientific validation, CE certification and advertising part of the venture led by MagIA diagnostics.

The venture is possible from €300,000 collected and the minimal ticket is €100.

“We’re delighted to make use of the WISEED platform and its neighborhood for this second assortment. The funds collected in 2020 in the course of the 1st assortment allowed us to make substantial progress within the growth of our resolution. It’s to finance these scientific phases, with a view to CE marking, that we’re finishing up this new fundraising which is able to complement the capital contribution to which our historic personal shareholders have simply contributed. Their help validates the progress of the venture and the efforts made because the starting of the journey, with the identical ambition: to make screening extra accessible for higher administration of epidemics and more practical integration of sufferers into care pathways. »says Cédric Bruix, Managing Director of MagIa Diagnostics.

Mathilde Iclanzan, Managing Director of WiSeed feedback: “We’re happy to help MagIA diagnostics which is evolving in a excessive progress and optimistic impression sector the place WiSEED is repeatedly strengthening its footprint. MagIA diagnostics is a file that presents a number of key benefits: its expertise is exclusive and meets a significant unmet medical want, its growth stage is superior and the potential for future functions could be very enticing, past the sector of STIs . »

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