NetScientific portfolio company Vortex enters manufacturing partnership with STRATEC
The firm said STRATEC would assist Vortex in producing a customised chip, a crucial component of its VTX-1 liquid biopsy platform
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LON:NSCI
EMV Capital plc is a deep tech and life sciences venture capital investment group with an international portfolio of high-growth companies. With a strategic focus on generating superior returns for investors from the fast-growing sectors and technologies that will define our future, the group invests in, manages, and strengthens early stage IP-rich companies.
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The firm said STRATEC would assist Vortex in producing a customised chip, a crucial component of its VTX-1 liquid biopsy platform
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Upon satisfaction of the contingent outbound direct investment approval, NetScientific's controlling interest will be 50.4% of Glycotest, calculated on a fully-diluted basis following the closing of the Series A Financing
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In its recent half-year results, the medical research investor recorded a loss after tax of £4.6mln in the six months ended June 30, less than the £5.2mln loss a year ago
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“We are pleased with the progress our portfolio companies have made in the first half of this year, and expect several key value inflection points to occur in the next 12 months”
FTSE 100 closed the day 35 points lower as the situation in Italy rattled markets
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The UK's premier index closed up around 36 points at 7,367.
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