Molecular Diagnostics Company Oncgnostics Gmbh Closes Series a Financing round for Ce Mark and Market Entry of Its Cervical Cancer Diagnostics Test Gyntect®
oncgnostics develops, based on proprietary epigenetic biomarkers molecular tests for reliable cancer diagnostics. This test allows reliable diagnostics of cervical cancer and its pre-stages. Now oncgnostics has raised a seven-digit Euro amount in a Series A financing round.
Jena, February 2, 2015 (Newswire.com) - oncgnostics develops, based on proprietary epigenetic biomarkers molecular tests for reliable cancer diagnostics. With the seed financing through High-tech Gruenderfonds (HTGF) and Stiftung fuer Technologie, Innovation und Forschung Thueringen (STIFT), oncgnostics implemented a quality management system and developed its first test GynTect®. This test allows reliable diagnostics of cervical cancer and its pre-stages. Now oncgnostics has raised a seven-digit Euro amount in a Series A financing round led by bm|t beteiligungsmanagement thüringen GmbH, together with two further new investors, Sparkasse Jena-Saale-Holzland and Anastasia Zepik. HTGF and STIFT participate in this financing round and expand their shareholding.
Dr. Alfred Hansel, CEO, and Dr. Martina Schmitz, CSO at oncgnostics GmbH, are glad that the new investors together with HTGF and STIFT provide a sound financing for future activities: ”This Series A round allows us to finalize the CE mark of GynTect® and to perform further relevant clinical trials. Thus we’ll be able to provide the test for patients, gynaecologists and diagnostic laboratories soon.”
The oncgnostics team has made rapid progress in the development of GynTect®. Together with the high market potential such an early detection test has in the field of diagnostics of one of the most prominent cancers in women worldwide has motivated us to invest.
Udo Werner,, CEO of bm|t:
“With high specificity and sensitivity GynTect® detects cervical carcinomas and their pre-stages in women tested positive for HPV, causing agent of cervical cancer”, Prof. Matthias Dürst, head of the Gynaecologic molecular biology functional unit at the University women’s hospital Jena and co-founder of oncgnostics, claims. Professor Matthias W. Beckmann, director of the university women’s hospital Erlangen and key opinion leader in women’s health, agrees: “With GynTect® patients may obtain clarification after abnormal Pap smears and positive HPV test results. This may help to avoid unnecessary invasive diagnostics and treatments and thus to reduce costs in healthcare.” Professor Ingo Runnebaum, director of the gynaecology department of the University women’s hospital Jena adds: “All women will benefit from a simple and reliable diagnostic test like GynTect®, since upon early diagnosis cervical cancer is almost always curable!“