TAG: ANGSTROM BIO

June 17, 2021

Angstrom Bio Raises $3M in Private Financing

Jun 16, 2021 | staff reporter NEW YORK — Angstrom Bio said on Wednesday that it has secured a $3 million investment that it will use to launch a nanopore sequencing-based test that simultaneously detects SARS-CoV-2 infection and identifies variants of the virus and to develop a multiplexed panel for respiratory pathogens. The investment was led by GreyBird Ventures. In connection with the financing, GreyBird cofounders Scott Gazelle and Tom Miller have joined Angstrom’s board of directors. Angstrom was founded in 2019 to develop antibody therapeutics but pivoted to SARS-CoV-2 diagnostics at the start of the pandemic. The Austin, Texas-based company uses a technology, dubbed...

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