Amadix, a Spanish biomedical company focused on products for the early detection of cancer, sells part of its shares worth approximately €3.2 million.
Of this, €1.2m has been structured through a crowdfunding operation.
The rest has come from the company's shareholders such as CRB Inverbío and Inveready Capital.
Oncology continues to be the therapeutic area with the highest number of investigations.
This is a fact that can be seen in the number of movements that the sector generates in corporate finance.
It is a Spanish start-up, created in 2010, and specialising in biomedicinewhich provides focus on early detection of cancer.
In fact, their products are blood tests to detect signs of a future tumour that is not yet present.
This is a very different way of diagnosis from the usual way of diagnosing.
It is currently focused on the early detection of this disease in the colon. Moreover, it is making steady progress in the commercialisation of a test to achieve this.
The main objective of Amadix is to commercialise this technology from 2020.
This test is called Colofast.
After a normal blood draw, this solution performs a state-of-the-art biomarker analysis where it is able to differentiate between healthy and sick people.
It is able to detect the tumour as pre-malignant lesions that appear before the tumour forms and up to 15 years before showing the first symptoms.
If polyps are detected they are removed and disease does not develop.
Colon cancer is very slow-growing, so if you are screened once a year, there is plenty of scope to tackle the disease even before it starts.
In the coming months, Amadix will also work towards regulatory approval in Europe.
This will ensure that the products to be placed on the market meet the requirements of the European Union.
In addition, the firm is conducting parallel research into how to detect lung cancer very early in healthy smokers with Diagnolungas well as pancreatic cancer in asymptomatic individuals thanks to Pancreadix.
Both solutions, similar to Colofast, are in the clinical validation stage and have an undefined time to market.
The company's main strength is the scientific basis of the products.
For now, the company has its sights set on the US and Europe, especially Spain..
However, he does not rule out probing the Chinese market, where he sees a high growth potential.
According to Rocío Arroyo, CEO of Amadix, "more than fifteen million people at risk in Spain will be able to stay ahead of cancer".
In order to meet the costs of this, it has put part of its shares up for sale in a round of 1,2M€ through the crowdfunding platform The Crowd Angel.
This amount is the last section of a round of 3.2M€ total.
Amadix partners increased their shareholding in the company, contributing a total of 2,2M€.
AThese include, for example, the CRB investment network Inverbío, or venture capital funds such as Inveready.
In 2017, Amadix already achieved 2.8M€ by obtaining assistance through the programme Horizon 2020The European Commission.
Subsequently, the company received more than half a million euros from Alentia, and was awarded by the South Summit as the best company of the year. start up of the event in 2018.
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Its aim is to improve living standards for human beings through technology.
To achieve this, it has recently been able to raise more than 3.5M€ in its latest round of funding.
Vytrus biotech was born as a company Spin Off of the Faculty of Pharmacy of the University of Barcelona.
Belonging to the plant biotechnology sector, it is specialising in the production of high-value active ingredientsfor use in the pharmaceutical and cosmetics sector.
In order to continue its growth, last November it attracted more than 1.2M€ in a Series A financing round.