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BioWorld - Thursday, June 25, 2026
Home » Topics » Newco news

Newco news
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DNA, dollars illustration

Adela pulls in $60M for cancer detection in DNA methylome

June 23, 2021
By Annette Boyle
Adela snapped up $60 million in a series A financing round to commercialize its blood test for cancer detection and disease monitoring. At the same time, the company announced its name change from Dnamx Inc. The Adela system profiles all methylated DNA fragments in a blood sample, allowing it to determine the tissue of origin early in development of a malignancy and potentially simplifying screening across all cancer types.
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Cancer cells under magnifying glass
Newco news

Oncolytic virus specialist Immvira moves oHSV to China and U.S. phase II trials

June 22, 2021
By Elise Mak
Immvira Group Co. presented positive phase I data for MVR-T3011 as an intratumoral administration at the 2021 American Society of Clinical Oncology meeting, drawing attention to oncolytic viruses developed by Chinese scientists.
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Cancer cells under magnifying glass
Newco news

Oncolytic virus specialist Immvira moves oHSV to China and U.S. phase II trials

June 18, 2021
By Elise Mak
Immvira Group Co. presented positive phase I data for MVR-T3011 as an intratumoral administration (MVR-T3011 IT) at the 2021 American Society of Clinical Oncology annual meeting this month, drawing attention to oncolytic viruses developed by Chinese scientists.
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Amyloid plaques forming between neurons
Newco news

New GAIM in town, as Amyl rakes in $22M to target misfolded proteins

June 16, 2021
By Nuala Moran
LONDON – Newco Amyl Therapeutics Ltd. has raised €18.3 million (US$22.3 million) in a series A, to pick up the baton on a technology for neutralizing toxic protein aggregates by binding to their amyloid folds.
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Cancer cell, dropper, test tubes

Onchilles looks for cancer’s Achilles heel with a $7M series A

June 15, 2021
By Lee Landenberger
Lev Becker spent about six years studying how to release neutrophile elastase from human neutrophils so it could select cancer cell types that need killing and ignore non-cancer cells. That research eventually led to a recent publication in Cell and the launch of Onchilles Pharma Inc.
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RNA
Newco news

Investors Sineup for seed round to advance Transine’s RNA therapeutics

June 2, 2021
By Nuala Moran
LONDON – In a sizeable seed round for a U.K. biotech, Transine Therapeutics Ltd. has raised £9.1 million (US$12.9 million) to take forward a novel method for up-regulating endogenous protein production using a naturally occurring class of long noncoding RNAs.
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Emvision CEO with device prototype (left) and ultrasound system (right)

Emvision’s stroke helmet provides mobile, pre-hospital solution for stroke patients

June 1, 2021
By Tamra Sami
PERTH, Australia – Emvision Medical Devices Ltd.’s stroke helmet could potentially transform care for stroke patients by treating them at the bedside or before they even get to the hospital. The company’s portable, non-ionizing brain scanner is capable of rapidly producing quality images to help paramedics determine if a stroke is ischemic or hemorrhagic.
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Aplife's DNA printer

Argentine startup prepares to screen up to 20M probes

May 27, 2021
By Sergio Held
Startup Aplife Biotech is tapping into the rapidly growing market for biosensors that can expand the capacity of hand-held devices to screen for thousands of pathologies from a single drop of blood. Using technology developed in Argentina to print DNA structures on microchips, the company’s goal is to screen as many as 20 million probes with the potential to convert molecular interactions into electrical signals, opening a path for med-tech developers and manufacturers to explore new solutions for personalized health care.
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Truscore device image

Veriskin emerges from stealth mode with nonivasive skin cancer diagnostic tech

May 24, 2021
By Meg Bryant
Veriskin Inc. has emerged from stealth mode with a noninvasive technology for skin cancer diagnosis and screening. The hand-held device, called Truscore, is designed to help nonexpert users quickly ascertain if a suspicious skin lesion is cancerous. Truscore works by detecting and interpreting force-induced hemodynamic differences between normal and malignant skin sores. It uses a proprietary artificial neural network-based artificial intelligence algorithm and protocols to differentiate skin cancers from other harmless skin conditions.
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Woman wearing K1 Embrace runs up set of stairs

Stoko raises C$6M seed round to market K1 knee brace

May 20, 2021
By David Godkin
TORONTO – Startup company Stoko Inc. has raised C$6 million (US$4.74 million) in seed funding to accelerate market expansion of a device it said will give rigid knee braces a run for their money.
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