A LIFE sciences company looking to “revolutionise” technology around organ transplantation has raised another £1.4m and has opened a base in Manchester.
ScubaTx has raised £1.4m, in a round led by the Praetura Ventures-managed GMC Life Sciences Fund By Praetura, to continue developing its organ preservation device.
It follows a sustained period of growth for the Newcastle University spinout, which enjoyed a successful £1.5m funding round last year.
ScubaTx was founded by CSO Dr William (Bill) Scott and is led by CEO David Campbell. It uses a process called ‘persufflation’ to cool donated organs and oxygenate tissues with humidified gas at tightly controlled pressures and flow rates. That keeps a donated organ viable for “significantly longer”.
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