Chempaq receives further round of venture capital  

2003.04.15
The Danish medico company gets funding to ensure launch of its groundbreaking mini-analyzer in 2004

Danish medico company Chempaq has received its second round of venture capital funding which will ensure a market introduction of the company’s compact mini-analyzer for blood cell measurement in spring 2004. According to venture company Symbion Capital which has invested in Chempaq together with InnFond p/s and the Danish Growth Fund, Chempaq has reached all previous milestones. The technology has considerable potential which can simplify the diagnosis of a number of diseases.

 

Chempaq’s analyzer technology is built around a sensor which enables easy-to-perform diagnostics on a blood drop from the fingertip. The analyzer is so compact that it can be transported in a briefcase, while conventional measuring instruments in hospitals are very large and priced accordingly at around DKK 1 million. The investors and Chempaq envision that the new technology will move blood analyses from hospital laboratories to outpatient clinics and GP surgeries.

 

Chempaq is a spin-off from the Microelectronics Center at the Technical University of Denmark and is based in Symbion Science Park in Copenhagen. The news is reported by biotechdenmark.dk

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