Skip to main content

Investors give Resistell 8.5 million Swiss francs

| News

Investors give Resistell 8.5 million Swiss francs

23.12.2022

Resistell AG has secured 8.5 million Swiss francs in the first part of its series B funding round. The biotechnology company plans to use this to gain European certification for its test device, which uses nanotechnology to expedite the development of new antibiotics with a more specific effect.

The team of Resistell in its office in Muttenz (img: Resistell)

Resistell has received 8.5 million Swiss francs from investors. This is from the first tranche of a series B funding round. The biotech company located in Muttenz in the canton of Basel-Landschaft is planning to conclude a second round next year.

According to a press release, the funds will be used to complete clinical studies with the Resistell Phenotech diagnostic device. It uses phenotypic nanomotion technology to measure living cells, which should accelerate susceptibility testing for new antibiotics. According to Resistell’s CEO Danuta Cichocka, this provides “an innovative solution for one of the world’s largest unmet medical needs”. It allows innovative antibiotics to be developed rapidly that can deliver targeted treatments despite increasing global resistance.

Strong support from investors

The first half of a clinical study on bacteremia (bacteria in the blood) and sepsis (a life-threatening response to infection) using the Resistell test device has already been conducted at Lausanne University Hospital. According to the information provided, the clinical data shows “a massive impact on time to result and around 95% accuracy with the gold standard.”

The company, which was founded in 2018, plans to use this “strong support” from investors to gain certification in accordance with Europe’s In Vitro Diagnostic Medical Devices Regulation (IVDR). Resistell Chairperson Barbara Staeheli stated that after this, Resistell plans to commercialize its first product in the research market “and seek partnerships with the diagnostic industry, medical centers and academia for bacteremia and a broad range of other indications”.

Share this article

Sign up to receive our newsletter in your inbox.

You may also be interested in

The power of a persuasive pitch deck

Are you an entrepreneur striving to secure investment for your biotech startup? Start with an effective pitch deck to catch...
Read More

Roche investing an additional 1.2 billion Swiss francs in Basel

Roche will be putting an additional 1.2 billion Swiss francs towards the renovation of its site in Basel. This investment...
Read More

Nouscom secures 67.5 million euros in financing

Biotech company Nouscom has raised 67.5 million euros in a series C financing round. The Basel-based firm intends to use...
Read More

Celebrating six months of innovation: i4Challenge accelerator New Ideas 2022/2023

On the 5th of July 2023, the 3rd iteration of the i4Challenge accelerator program New Ideas came to its conclusion....
Read More

How open innovation in healthtech hubs is fueling the rise of digital healthcare

How the ever-increasing uptake of digital solutions is enhancing patient engagement, increasing access to care and lowering the cost of...
Read More

How to access the U.S. market with your medical device

In one of our latest Venture Mentoring events by Basel Are Business & Innovation, we invited Nila-Pia Rähle to speak...
Read More

Do you have a question? We'd like to hear from you.