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Archive - Oct 11, 2018

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NanoView Completes $10 Million Series B Financing Funding to Support Commercialization of ExoView™ System, NanoView’s Complete Exosome Detection and Characterization Platform; Financing Led by Northpond Ventures

On October 10, 2018, NanoView Biosciences, an emerging leader in the field of exosome detection and characterization, announced the closing of a $10 million Series B financing led by Northpond Ventures. Existing investors, including Sands Capital Ventures and PBM Capital Group, participated in the financing round. Proceeds will be used to complete development of the ExoView system, NanoView’s complete exosome detection and characterization platform, and to prepare the product for commercial launch. “Northpond Ventures really understands the need for more accurate, efficient approaches to characterizing exosomes and we are excited to have them join our current investors,” said Jerry Williamson, Chief Executive Officer of NanoView. “With these funds we are well positioned to complete the development of the first applications of our ExoView system. We plan to launch this platform for research markets in early 2019 and then expand into developing tools for clinical markets in the future.” Exosomes are nanoscale extracellular vesicles secreted by most cell types; they represent a communication system between cells. A growing body of research supports the potential of exosomes to diagnose, monitor, and even treat a broad range of diseases. Most currently available methods for analyzing exosomes are cumbersome, expensive, and require large sample volumes that are not readily available. According to NanoView, the ExoView system is an innovative instrument and consumables platform that efficiently and accurately enables complete detection and characterization of extracellular vesicles, including exosomes.