Tuesday, October 4, 2022


Biotechnology News Magazine

Curiox Biosystems Closes $15 Million Funding Round

Latest Posts

BRAINBox Solutions Announces New U.S. Patent Allowance, Strengthening Biomarker Portfolio for Multi-Modal Mild Traumatic Brain Injury Test

BRAINBox Solutions notes the new patent covers both diagnosis of TBI and patient monitoring post-injury, particularly for determining return to work or play.

New Initiative Brings Leading Life Sciences Companies Together To Drive Collective Impact in Awareness, Diagnosis, Care, and Health Equity for Patients with Amyloidosis

Despite notable progress in recent years, amyloidosis patients continue to experience high unmet needs and gaps in treatment and support.

GBS Inc. Acquires Intelligent Fingerprinting Limited and its Proprietary Drugs of Abuse Screening Technology

Steven Boyages, CEO of GBS Inc. stated, “We believe this acquisition generates significant value for our shareholders, and I am extremely excited to be on the forefront of this transition. Bringing IFP under the GBS umbrella marks a significant advancement toward achieving our strategic goals of improving patients’ lives outside of saliva-based glucose testing and laying the pathway in becoming a leader in the development of rapid, non-invasive diagnostic solutions. We remain excited to accelerate our strategy and revenue growth through this collaboration with IFP.”

Araris Biotech Closes $24 Million Financing Round

Araris Biotech notes the proceeds from the financing will be used to support the further development and advancement of Araris’ antibody-drug conjugate (ADC) candidates, created using the Company’s proprietary linker technology, as Araris moves closer toward clinical development.

Curiox Biosystems, Inc., the global leader in biological sample preparation automation, announced today the completion of a $15 million (17.1 billion won) Series C financing round.

Curiox Biosystems notes Luha Private Equity led the deal, joined by other existing investors KB Investment Co., Ltd and Quad Investment Management Corp., all major players in the Korean venture capital market. Curiox commercializes Laminar Wash™ technology, a methodology that transforms manual cell preparation into an efficient and standardized workflow, enabling next-generation life science research and product development. Funds from the investment will enable the company to expand its global operations and advance new solutions to ensure accurate analysis of cells in their native state.

At the heart of the technology are Laminar Wash systems, which combine novel “wall-less” plate design with automated fluidics that gently and reproducibly prepares cells for high-content analysis methods, such as single-cell sequencing ‘omics and flow cytometry.

Major biopharmaceutical multinationals, cutting-edge biotech companies, as well as prominent academic labs are quickly adopting Laminar Wash technology to replace conventional centrifugation-based cell washing methods.

Integrating Laminar Wash systems in their workflows enables teams to scale high-throughput analysis through automation, improve workflows and productivity, consume fewer reagents and sample volumes, and retain precious and rare cells for analysis that otherwise would be lost by harsh pelleting and stress.

Curiox’s unique position to address multiple pain points in cell sample preparation excited investors. Laminar Wash technology has propelled Curiox sales growth by 168% since 2019, demonstrating the life science market’s perceived value in upgrading sample preparation methodology.

“Curiox Biosystems is a company with the status of a ‘first mover’ in the field of cell sample prep automation,” said Lee Jong-hoon, CEO of Luha Private Equity. “Thanks to this, I came to the conclusion that the superiority of the device was sufficiently verified while seeing the upward trend in sales.”

The impact of bringing scaling and automation solutions to sample preparation in the rapidly growing cell and gene therapy market was recently recognized by the US National Institute of Standards and Technology (NIST) Flow Cytometry Standards Consortium. Together with Curiox scientists, the Consortium is testing the ability of Curiox’s AUTO1000 system, a fully automated flow cytometry staining workstation, to facilitate and improve cell analysis for these exciting therapies.*

“As living cells are directly related to the diagnosis and resolution of a patient’s disease, scientists recognize the importance of maintaining native biological function during the cell sample prep process,” said Curiox Biosystems CEO Namyong Kim, Ph.D. “As we are seeing the market respond with enthusiasm to our offerings, we will, in turn, expand aggressively.”

To keep pace with the goal of realizing a doubling of sales every year, funds from this investment round will be used to reinforce commercial operation as well as production capacity. Curiox has set in motion a plan to mass-produce more than 1,000 cell washing systems per year within three years. Investors were also intrigued by Curiox’s imminent plans to launch a new cell preparation product line complimenting Laminar Wash technology. The novel technology promises to further expand the company’s application space and market share. CEO Kim estimates the global market for cell preparation instrumentation and workflow to be worth $5B.

Latest Posts

Learn More




Our Sister Publication

Medical Device News Magazine