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Numares Health: Receives Up To €20M from European Investment Bank

Numares Health Receives Up To €20M from European Investment Bank

  • Numares Health AG, a Regensburg, Germany-based provider of a fully automated in-vitro diagnostics platform, received up to €40m in funding
  • The European Investment Bank provided un up to €20m quasi equity financing for further research and development
  • Existing investors will contribute a complementary €20m for marketing investments to achieve mass commercialization of the proprietary technology products in the EU and U.S.
  • NumaresHealth analyzes biomarker constellations with advanced use of nuclear magnetic resonance and artificial intelligence to improve diagnostics
  • The company has developed a fully automated in-vitro diagnostics platform, the AXINON System, which aims to improve the quality of diagnosing chronic diseases of the kidney, heart and liver, as well as cancer and multiple sclerosis
  • The system combines nuclear magnetic resonance (NMR) and artificial intelligence to collect and analyze metabolomic data from blood or urine samples
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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