Printer Friendly

Recombinant antibody technology firm AxioMx gets USD 2m in funding.

M2 PHARMA-October 9, 2013-Recombinant antibody technology firm AxioMx gets USD 2m in funding(C)2013 M2 COMMUNICATIONS

9 October 2013 - US recombinant antibody technology specialist AxioMx Inc said yesterday it had secured USD 2 million (EUR 1.5m) in funding.

The company is developing high-throughput method to synthetically generate affinity reagents, which are fragments of monoclonal antibodies that specifically bind to target proteins and are utilised in life science research, diagnostic tests and as therapeutics. AxioMx is seeking to cut antibody reagent development time from the current four to six months with traditional technology to less than four weeks. The firm's antibodies are generated entirely in vitro which allows for consistent antibody quality across production batches and does not involve the use of animals, AxioMx said further.

The round, the company's second, included participation from Connecticut Innovations (CI), Elm Street Ventures, Vital Venture Capital and the firm's founders. AxioMx noted that it had received orders for more than USD 750,000 for custom services including antigen design, antibody discovery and development, and affinity maturation of existing antibodies during the last nine months.

(USD 1.0 = EUR 0.736)

((Comments on this story may be sent to

COPYRIGHT 2013 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 Pharma
Date:Oct 9, 2013
Previous Article:American Cancer Society recommends methods for early prostate cancer screening.
Next Article:Sage Labs to offer RNA-sequencing services as part of SAGEspeed Custom Model Creation Platform.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters