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HeartBeat.bio: Raises €1.5M in Seed Funding | Fintech InShorts: Latest fintech news, analysis by experts

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HeartBeat.bio: Raises €1.5M in Seed Funding

By Steve Sam

May 6, 2021

HeartBeat.bio AG, a Vienna, Austria-based spin-off company of the Institute of Molecular Biotechnology of the Austrian Academy of Sciences (IMBA), raised EUR 1.5m in seed financing
The company intends to use the funds to establish operations, build up an experienced team over the next 12 months
Led by Michael Krebs, CEO, HeartBeat.bio is developing a high-throughput 3D screening platform for heart diseases using self-organizing human cardiac organoids (Cardioids)
The Cardioid technology has invented by the Mendjan lab at IMBA, a leading hub in organoid research
The drug discovery program will focus on heart failure and cardiomyopathies as well as cardiotoxicity studies for new drug candidates
HeartBeat.bio has signed an exclusive license and collaboration agreement with IMBA and will closely cooperate with the research group of Sasha Mendjan to further develop the technology

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