Tuesday, October 4, 2022


Biotechnology News Magazine

ThinkCyte Secures $26 million in Series B Financing

Latest Posts

Sonrava Health to Include the PreTRM® Test in Its Employee Maternity Benefits Package in Collaboration with Cerebrae and Sera Prognostics

Sera Prognostics Inc., The Pregnancy Company® (NASDAQ: SERA), focused on improving maternal and neonatal health by providing innovative pregnancy biomarker information to doctors and...

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.”

ThinkCyte, Inc., a company focusing on the development of novel cell therapy, drug discovery and diagnostic platforms, announced today the completion of a $26 million (JPY 2.85 billion) Series B financing, led by SPARX Group with participation from Sysmex Corporation and Sumitomo Mitsui Trust Investment as well as existing investors, SBI Group and Itochu Technology Ventures. The company has raised a total of $45 million (JPY 4.9 billion) to date.

“We are excited to welcome new investors, Sysmex and Sumitomo Mitsui Trust Investment, and to have continued support from existing investors to transform the future of therapeutics and diagnostics,” said Waichiro Katsuda, ThinkCyte’s co-founder and CEO. “With this financing, we are well positioned to accelerate the development and promotion of our proprietary image-based cell sorting system globally. In addition, we are extremely grateful to initiate a joint development project with Sysmex, the global leader in hematology, to deliver an innovative AI-based cell diagnostic technology to the market.”

ThinkCyte’s novel Ghost Cytometry technology uses a combination of proprietary advanced optics, microfluidics, and machine-learning techniques to realize high-throughput single cell analysis and sorting using image based information. It is of use in a variety of research, therapeutic, and diagnostic applications, such as identifying and extracting cells with higher therapeutic values from unlabeled cell populations for cell production in cell therapy, or detecting abnormal cancerous cells from bloods in clinical diagnostics. Ghost Cytometry is able to use image information from cells with no physical labels to distinguish different cell states, cell types, and cell qualities including cell-cycle phases, glycolytic levels, and apoptotic status.

Proceeds from the financing will be used to accelerate the development of its proprietary image-based cell analysis and sorting system for cell therapy, clinical diagnostics, and drug discovery, as well as further business expansion and growth in the global market.

Latest Posts

Learn More




Our Sister Publication

Medical Device News Magazine