Central regions | Finance, business | Technology & innovation

Russia further funds domestic chips for cancer diagnostics

8 Jul '14
The RVC Biofund, a portfolio fund of Russias RVC, and its partner Russ-Invest have decided to extend the financing of Semiotic, a Russian innovation company developing microchips for blood and donor plasma tests, the RVC website announced.

In this second investment round, Semiotic is receiving about $4.2m, RVC said.

Over the next 12 months, the biotech company is hoping to complete the development of its inaugural commercial version of the chip and set up shop on the premises of the Moskva Technopolis in Moscow. The first production run is slated for the first quarter of 2015 already.

The flagship version of the microchip is expected to help pinpoint ten different pathogens simultaneously and diagnose cancers based on a method that determines tumor-specific antibodies to two major types of tumors.

The first batch of the chips will be delivered to the biomedicine department of the University of Basels hospital in Switzerland to study ovary cancer, and also to GlycoTech, a supplier of reagents and glycobiological research materials in the United States.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
Find Related Content


Latest News: Central regions
18 Jan '19 | Finance, business | Retail, FMCG
17 Jan '19 | Technology & innovation
16 Jan '19 | Technology & innovation | Finance, business
14 Jan '19 | Finance, business | Technology & innovation

Feature stories

2 Nov '18
Drawing upon in-depth interviews, the book channels...
27 Aug '18
7 Jun '18
Russian scientists have come up with a new method of...
Search (News archive - 21305)
Independent Software Developers Forum
Marchmont News

Latest News

18 Jan '19
Streetbee, a Russian developer of artificial...
17 Jan '19
A compact graphene-based terahertz wave detector has...
16 Jan '19
The Russian Government has unveiled plans to launch a...

Most read stories from last week

18 Jan '19
Streetbee, a Russian developer of artificial...