Newcells Biotech raises additional funding from investors

News-Medical.Net December 8, 2024
Newcells Biotech

Newcells Biotech (“Newcells”), a leading drug discovery partner specializing in the development of in vitro models and bespoke assay services to improve the prediction of in vivo human outcomes, today announced it has raised a further £1.2 m from existing investors Mercia Ventures, Northstar Ventures and North East Finance.

Newcells is focused on driving expansion and technological innovation in response to increased market demand for new approach methods (NAMs) in drug discovery. Following rapid growth in 2023/4, including the launch of a state-of-the-art imaging suite to accelerate data generation, the additional funding supports an ambitious commercial strategy. The funds will be used to further build the customer base and seek new partnerships with companies with complementary products to enhance the...

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