Stem cell technology innovator continues rapid growth, plans further global expansion to become the global leader in hiPSC-based drug discovery & development solutions

Gosselies, Belgium, 17th November 2017 – Ncardia, an emerging drug discovery and development stem cell technology company whose mission is to deliver cardiac and neural drug discovery and safety solutions based on its best-in-class human induced pluripotent stem cell (iPSC)-derived technology, today announced the completion of a €10.5 million Series B financing round. The round was led by Épimède, a Belgium venture capital firm.

Ncardia is a privately held company with operations in Europe and the US, that produces and commercializes high-quality, fully functional human iPSC derived cardiovascular and neuronal cell types. Using its cell products, Ncardia develops and commercializes electrophysiology-, biochemistry- and contraction-based assay services for predictive safety pharmacology, toxicology testing and drug efficacy screenings. In addition the company has built up a strong portfolio of patents covering the use of stem cell models for these applications. Ncardia believes that stem cell technology fast-tracks the delivery of better medicines to patients by improving the drug discovery process. [Read more…]