[Funding alert] Boston-based Selux Diagnostics, Inc. Secures an additional $48Million in Funding
Apr 2, 2024 | By Startuprise io

Selux Diagnostics, Inc., Preventing superbug infections and antimicrobial resistance (AMR) is the objective of this biotech company. Leading the round were RA Capital Management, with Schooner Capital, Sands Capital, and Northpond Ventures participating.
The money will be used by the company to begin the next stage of the Selux Next Generation Phenotyping (NGP) System's commercialization in the US.
Selux Diagnostics, under the direction of CEO Steve Lufkin, is expediting the process of selecting individualised antimicrobial medication for every patient with an infectious condition.
Read also - Blue Yonder deaclares an Agreement To Acquire One Network Enterprises
RECOMMENDED FOR YOU
[Funding alert] CA-based Encore Consumer Capital Secures Encore Consumer Capital Fund IV at $258M
Startuprise io
Feb 10, 2024
LaPhair Capital Partners Acquired Kinexx Modular Construction
Startuprise io
Apr 23, 2024
This additional funding comes after the company announced that it has received its third FDA 510(k) clearance for its direct from Positive Blood Culture Separator. This clearance allows the company to offer a single platform that can deliver fast AST results for isolated colonies as well as positive blood cultures.
Fast Antibiotic Susceptibility Testing (AST) is made possible by the Selux NGP System, which can provide same-day AST findings. This will improve patient care and lessen the overuse of broad spectrum antibiotics, which is a key contributing reason to the rise in superbugs.
About Selux Diagnostics
Selux Diagnostics is working on a Next Generation Phenotyping (NGP) platform that will significantly improve the speed and precision of prescribing targeted, individualised antibiotic medicines, potentially revolutionising the treatment of infectious disease patients. Timely and more informed treatment decisions have the potential to prevent antibiotic resistance worldwide, save lives, enhance patient outcomes, shorten hospital stays and hospital-acquired infections, and improve patient outcomes.
Recommended Stories for You
[Funding alert] OK-based Biotechnology Company Cadenza Bio Secures $2.44M in Series Seed Funding
Startuprise io Dec 15, 2023
CHICAGO-based Monroe Capital LLC Secures $561.8 Million in Collateralized Loan Obligation XVI
Startuprise io Jul 29, 2024





