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Lansion Bio Closes $14 Million C Round for IVD Portfolio

publication date: Nov 20, 2019

Lansion Biotechnology of Nanjing completed a $14 million Series C funding led by Matrix Partners China with participation from Bondshine Capital to expand its IVD reagent and medical device operations. Founded in 2016, Lansionbio claims it has overcome the technical barrier of active microfluidics, developing a rapid immune diagnostic platform, a handheld electrochemical clotting platform and a nucleic acid automatic rapid diagnostic platform. The company believes its handheld point-of-care testing chemiluminescence devices, which have batch-to-batch differences of less than 5%, are comparable in accuracy to much larger machines. More details....

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