Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > RUSNANO Co-investment Helps Launch Russian Production-Research Lab from American Innovation company BiOptix

Abstract:
RUSNANO has invested $4.5 million dollars in a project to expand production of label-free biodetectors and bionanoslides with their American developer, BiOptix Diagnostics, Inc. Two American venture capital funds, Boulder Ventures, Ltd. and Peierls Foundation, and private investors have invested another $4.5 million in authorized capital of BiOptix. The project, which has a total budget of $19 million, was approved by the Supervisory Council of RUSNANO in December 2010.

RUSNANO Co-investment Helps Launch Russian Production-Research Lab from American Innovation company BiOptix

Moscow, Russia | Posted on March 24th, 2011

The transaction is structured such that RUSNANO invests in the capital of the American company, and BiOptix, over the course of several years, will direct a significant part of the investment toward establishing production in Russia of disposable bionanoslides—glass bases covered with metal and biofunctional nanofilms. A research laboratory will also be established in Russia. Specialists at the laboratory will make further improvements in the technology and develop proposals with scientists from the Bio Nano Physics Research and Education Center of the Moscow Institute of Physics and Technology.

BiOptix Diagnostics, Inc. developed its patented biodetection technology with John Hall, a 2005 Nobel Prize laureate in Physics. The instruments incorporating the technology—which work without attaching a florescent or isotope tag to the object being studied—are able to detect not only the presence of a bioreaction but also directly ascertain its kinetic parameters. Measurement of kinetic constants of bimolecular reaction is essential to thorough study of promising molecule-candidates for innovative pharmaceuticals.

The moderate cost to purchase and use BiOptix biodetectors, their compactness, operating and servicing simplicity, and accuracy will enable BiOptix to take a significant share of the rapidly expanding global market in label-free technology for detecting molecular interactions. The products are in demand from laboratories, pharmaceutical companies, universities, and research and development institutes throughout the world. They accelerate the pace and raise the efficiency of innovative drug development.

"We are excited to have RUSNANO as an investor and partner in BiOptix," said Richard Whitcomb, president and CEO of BiOptix Diagnostics, Inc. "RUSNANO's participation in this project will hasten the process of building a successful business and enable us to tap into new markets and resources that were previously inaccessible."

"RUSNANO had cooperated with high-tech companies in the US earlier, but this is our company's first direct investment in an American legal entity. We are proud to be part of such an outstanding innovative history. I think products from BiOptix can open new opportunities for developing promising drugs," RUSNANO managing director Evgeniy Evdokimov remarked.

####

About RUSNANO
RUSNANO was established in March 2011 as an open joint-stock company through reorganization of state corporation Russian Corporation of Nanotechnologies. RUSNANO's mission is to develop the Russian nanotechnology industry through co-investment in nanotechnology projects with substantial economic potential or social benefit. The Government of the Russian Federation owns 100 percent of the shares in RUSNANO. Anatoly Chubais is chairman of the Executive Board of RUSNANO.
Work to establish nanotechnology infrastructure and training for nanotechnology specialists, formerly conducted by the Russian Corporation of Nanotechnologies, has been entrusted to the Fund for Infrastructure and Educational Programs, a non-commercial fund also established through reorganization of the Russian Corporation of Nanotechnologies. www.rusnano.com

BiOptix Diagnostics, Inc., headquartered in Boulder, CO, was established in 2003. The company specializes in production of label-free biodetectors. In 2010 BiOptix began supplying biodetectors to customers and initiated small-batch production of bionanoslides. www.bioptixinc.com/

For more information, please click here

Contacts:
RUSNANO press office:
Phone: +7 495 988 56 77;
E-mail:
Postal Address:
10A prospect 60-letia Oktyabrya
Moscow, Russia, 117036

Copyright © RUSNANO

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

East China University of Science and Technology Purchases Nanonex Advanced Nanoimprint Tool NX-B200 July 30th, 2014

Watching Schrödinger's cat die (or come to life): Steering quantum evolution & using probes to conduct continuous error correction in quantum computers July 30th, 2014

From Narrow to Broad July 30th, 2014

FLAG-ERA and TNT2014 join efforts: Graphene Networking at its higher level in Barcelona: Encourage the participation in a joint transnational call July 30th, 2014

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Harris & Harris Group Invests in Unique NYC Biotech Accelerator July 29th, 2014

Harris & Harris Group to Host Conference Call on Second-Quarter 2014 Financial Results on August 15, 2014 July 23rd, 2014

Harris & Harris Group Invests in UberSeq, Inc. July 16th, 2014

Harris & Harris Group Portfolio Company D-Wave Systems Closes a $28.4 Million Financing July 14th, 2014

Thin films

Oregon chemists eye improved thin films with metal substitution: Solution-based inorganic process could drive more efficient electronics and solar devices July 21st, 2014

Openings/New facilities/Groundbreaking/Expansion

Oxford Instruments Asylum Research Opens an Atomic Force Microscopy Demonstration Lab in Mumbai, India July 21st, 2014

Sono-Tek Corporation Announces New Clean Room Rated Laboratory Facility in China July 18th, 2014

Announcements

University of Manchester selects Anasys AFM-IR for coatings and corrosion research July 30th, 2014

Nature inspires a greener way to make colorful plastics July 30th, 2014

Analytical solutions from Malvern Instruments support University of Wisconsin-Milwaukee researchers in understanding environmental effects of nanomaterials July 30th, 2014

FEI Unveils New Solutions for Faster Time-to-Analysis in Metals Research July 30th, 2014

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE