BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

InDevR Spins Off ViroCyt, Raises Growth Capital


1/15/2013 9:12:09 AM

DENVER, CO--(Marketwire - January 15, 2013) - ViroCyt, LLC, a privately-held life science company, announced today that it had begun operations after spinning off from InDevR, Inc. Concurrent with the formation of ViroCyt, funding was secured from a group of investors led by High Country Venture, a Colorado Venture Capital Fund. ViroCyt will be responsible for expanding the commercial market for the Virus Counter technology developed by InDevR. The Virus Counter provides rapid quantification of viruses, resulting in faster, more accurate decision-making in settings that utilize viruses to create lifesaving products, such as viral vaccine production, protein expression, antiviral drug development, and viral diagnostics.

"Within the life science research, pharmaceutical and vaccine markets, there is a large and growing need for rapid quantification of viruses, so I am excited to be part of the formation of ViroCyt," stated Robert Kline, President and CEO. "The Virus Counter represents breakthrough technology in this important field and the early customer acceptance has exceeded all expectations." Examples of organizations currently utilizing the Virus Counter include top global vaccine companies, biotechnologies, domestic and foreign government research institutes and universities.

According to Mark Lupa, Managing Director at High Country Venture, "We have been monitoring the innovative developments at InDevR for several years. The opportunity to form a company around commercialization of their first product represents a unique investment opportunity." The recently raised growth capital will be used primarily to build out the North American direct sales force and expand its international network of distributors in order to recognize the growing global demand for rapid virus quantification technology.

"We are tremendously enthusiastic about transitioning the Virus Counter technology to ViroCyt, LLC," said Dr. Kathy Rowlen, co-founder and CEO at InDevR. "With Robert Kline's demonstrated success in building companies focused on customer satisfaction and meeting market demands, I am confident that the Virus Counter can significantly improve vaccine production as well as positively impact a number of other virus-related industries."

About ViroCyt, LLC
ViroCyt, LLC was created in late 2012 to focus on the commercialization of novel technologies that enable rapid quantification of viruses, such as the Virus Counter 2100. The Company's mission is to provide the tools that deliver meaningful improvements to critical biotechnology processes such as vaccine manufacturing, protein expression, antiviral development and other settings where viruses play a significant role. To learn more about ViroCyt, go to http://www.virocyt.com.

About InDevR, Incorporated
InDevR develops innovative life science instrumentation and assays for analysis of viruses and other microorganisms. InDevR's goal is to revolutionize microbiological analysis and deliver results in significantly less time and at lower cost than traditional methods.

About High Country Venture, LLC
High Country Venture manages Colorado Funds I & II, venture capital funds that invest in seed and early stage businesses in Colorado. The Fund focuses on the life sciences, information technology, retail and consumer goods sectors. High Country Venture is located in Boulder, Colorado.


Contact Info
Michael Artinger
ViroCyt, LLC
+1-720-771-6670
Email Contact



Read at BioSpace.com

InDevR
 
 

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES