Paterna Biosciences announced it raised $3 Million in an initial filing from an offering of $5 Million
Paterna Biosciences announced it raised $3 Million in an initial filing from an offering of $5 Million
09/29/22, 2:55 PM
Location
austin
Money raised
$3 million
Industry
biotechnology
Round Type
seed
Company Info
Location
89 headquarters plaza
austin, texas, united states
Additional Info
Tackling a global health threat like antimicrobial resistance is not for the faint of heart, but the experienced and innovative team at Pattern Bioscience is on a mission to do it.
Each year, drug-resistant bacterial infections claim more than a million lives globally and cost our healthcare system billions of dollars. Traditional diagnostic methods for bacterial infections remain rooted in slow, cumbersome, decades-old technology that contributes to sub-optimal treatment and the misuse of broad-spectrum antibiotics.
The Pattern system is different. We’re developing the world’s only culture-free, rapid diagnostic technology that will reduce the time needed for pathogen identification (ID) and antibiotic susceptibility test (AST) results from days to hours. Our technology combines single-cell analysis of microorganisms with machine learning tools to deliver fast, clinically actionable information.