Welcome: Guest | Site Use Options | Register | Login |

Madison biotech company Lucigen raises $2 million: Company is working to develop diagnostic tests for Ebola, other infectious diseases

Awardee Story Madison biotech company Lucigen raises $2 million: Company is working to develop diagnostic tests for Ebola, other infectious diseases
Date: Jan 19, 2015

Source: Milwaukee Journal ( click here to go to the source)

Lucigen Corp., a Madison biotech company, has raised nearly $2 million of funding from outside investors, according to a filing with the U.S. Securities and Exchange Commission.

Lucigen is developing molecular diagnostic tests for Ebola and other infectious diseases. The company raised the money from existing shareholders and angel investors, said Ralph Kauten, who became Lucigen's chief executive officer in October. Kauten, who is also CEO of Quintessence Biosciences, previously was in high-level positions at a number of successful biotech companies in Madison, including Promega Corp., PanVera and Mirus Bio.

Lucigen sells a catalog of several hundred products for research use, Kauten said. The company's effort to develop molecular diagnostic tests is newer.

It hopes to receive emergency use authorization from the FDA to market a faster, easier-to-use Ebola test by mid-2015, Kauten said. Lucigen is also developing its own platform, called ClariLight, which will have instruments, collection modules and other equipment that can be used for rapid DNA testing.

"We've got this research products unit that is profitable and quite successful; the diagnostics unit is not profitable, but we're developing a game-changing platform for diagnosis," Kauten said.

News Bureau

Your OPPORTUNITY to upload into this extensively used SBIR-STTR Tracking system

  • Published articles about YOUR SBIR-involved firm
  • Press releases for pick-up by other sources
  • Professional papers; White papers; relevant Business materials

It is a rare issue of the major Business Press - WSJ; New York Times; Washington Post - and regional equivalents; magazines of similar importance - The Economist, Fortune, Forbes etc - and now a wealth of electronic communications and daily news feeds that does not include reference to, or articles about, one/more SBIR-STTR Awardees. With the focus usually on what the firm is about - their technical achievement or business emphasis - it is an unusual coverage that even mentions their SBIR involvement. An integral part of the extensive range of data we continuously assembled in our system on all SBIR-STTR involved firms includes this type of press coverage.  Much that we gather includes firms no longer SBIR involved or still in business, nor now eligible. ...more

Contact information

Innovation Development Institute, LLC

   45 Beach Bluff Avenue, Suite 300
     Swampscott,  MA 01907-1542

  Tel:  (781) 595-2920