Arcis Biotechnology is crowdfunding on Capital Cell now having already raised £1.25 million. The company is hoping to raise £1.75 million at a pre-money valuation of £18.2 million.
Capital Cell “endorses” this company and has posted the following statement:
“Arcis’ technology allows the extraction of DNA and RNA from various sample types (human, animal, plant or pathogen) in under three minutes. This is significantly faster than the current laboratory standard of 45 minutes to an hour. On top of that their system allows for the safe and stable storage of the nucleic acids at room temperature until ready for amplification (the multiplication of DNA/RNA for further downstream testing). The Arcis team is highly knowledgeable, with experience in the development and commercialisation of medical devices, among many other areas. Their platform technology can be applied to many different and growing markets and their product is market ready with two launched CE-IVD regulated products. They have a clear exit strategy, with a mission to sell the Arcis technology and patents to a global Life Sciences company.”
The Biotech early stage sector is tough because the runway from concept to widespread adoption can be quite long.
One of the important aspects of the is security offering is the fact any investment includes some shareholder rights everyone should expect such as: Drag Along/Tag Along and Voting Rights.
If things go well, the expectation is for an exit to take place by 2021 to 2o24.
Peter Whitehurst, CEO, Arcis Biotechnology, commented on the offering:
“The Arcis technology has a strong IP portfolio, and has received a great deal of interest from commercial partners looking to negotiate a licence or OEM deal. We took the decision to work with Capital Cell due to their innovative approach, and their network of specialist life sciences investors. We look forward to working with the team to help fund the next exciting stage of Arcis’ development.”
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