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Inoviv Secures Investment to Expand Quantitative Proteomics Product Offerings to Accelerate Drug Development Pipelines

Jan 30, 2024almost 2 years ago
LondonBiotechnology

Investors

Foresight GroupHoxton Ventures

Description

Inoviv has secured significant funding from venture capital firm Hoxton Ventures and leading investment manager Foresight Group to expand the delivery of highly accurate, fully quantitative targeted biomarker workflows and panels. This latest investment will enable Inoviv to further expand its commercial activities to support the pharmaceutical and biotech space in support of clinical proteomics, including clinical trial monitoring, while also extending R&D capacity and innovation to address the fast-growing biomarker market and accelerate the development and approval of life-changing therapeutics.

Company Information

Company

Inoviv

Location

London, England, United Kingdom

About

Inoviv uses a novel technology platform based on targeted proteomics to support pharmaceutical companies with biomarker test development.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers