Skip to main content
| News

Resistell receives high-level EU grant

10.07.2020

Resistell AG, based in Muttenz in the canton of Basel-Landschaft, has received a grant of up to 2.5 million euros and additional equity capital financing from a European fund with the aim of accelerating innovation. The company is developing the world’s fastest test against antibiotic resistance.

Resistell AG is one of 70 companies selected for funding in the most recent financing round within the framework of the EIC Accelerator Pilot program (previously known as the SME instrument) established by the European Innovation Council. In total, 4,000 applications were submitted, more than double the usual amount. The startup will receive up to 2.5 million euros for the clinical validation of its antibiotic susceptibility test. Moreover, the EIC Accelerator is offering blended financing in the form of an optional investment in equity in addition to the grant.

This is the world’s fastest phenotypic antibiotic susceptibility test, reducing the duration needed for such a test from several hours or even days to less than two hours. It is set to help conquer one of the largest challenges in the healthcare sector: antimicrobial resistance (AMR). A press release outlines how, in many countries, suspected COVID-19 patients have been treated with antimicrobial therapies as a precaution in hospital. However, the excessive use of these powerful medicines can trigger the development of multi-drug resistance, the press release states further. There is therefore an urgent need for global action “to prevent COVID-19 from casting a long shadow over antimicrobial resistance”.

The grant and equity participation from the EIC Accelerator will co-finance the final development stage of the Resistell device and disposable articles in addition to the multicenter performance evaluation study. “This funding will help us mitigate the financial and clinical risks that have emerged because of COVID-19”, states Danuta Cichocka, CEO of Resistell.

“Thanks to this project, we will be able to carry out clinical validation in at least three different hospitals in Switzerland, Germany and Denmark”, she explains further. This will help not only to accelerate and facilitate market entry, but will also ensure continuity with regard to the performance evaluation study under pandemic conditions.

Share this article

Sign up to receive our newsletter in your inbox.

You may also be interested in

Evolva launches new line for manufacturers of personal care products
Basel Area Business & Innovation, Innovation, Invest, Life Sciences / biotech, Sustainability

Evolva launches new line for manufacturers of personal care products

Evolva, a manufacturer of active ingredients based in Reinach in the canton of Basel-Landschaft, will be presenting its new product...

Read More
Record figure for startups in the Basel Area
Basel Area Business & Innovation, Innovation, Invest, Life Sciences / biotech

Record figure for startups in the Basel Area

Basel Area Business & Innovation has supported a record number of 96 company startups in 2022. The number of settlements...

Read More
Noema Pharma raises 103 million Swiss francs from investors
Basel Area Business & Innovation, Innovation, Invest, Life Sciences / biotech

Noema Pharma raises 103 million Swiss francs from investors

Noema Pharma has raised a total of 103 million Swiss francs as part of an oversubscribed Series B financing round....

Read More
Why CDMO companies choose the Basel Area as their location
Advanced Manufacturing/AI, Basel Area Business & Innovation, Innovation, Invest, Life Sciences / biotech

Why CDMO companies choose the Basel Area as their location

Originally, this article was published by the US magazine Outsourced Pharma under the title "Why Location Matters". The article highlights...

Read More
Basel still the most attractive small city for business in Europe
Basel Area Business & Innovation, Innovation, Invest

Basel still the most attractive small city for business in Europe

As with last year, Basel once again features among the most attractive locations in Europe for investments. It was ranked...

Read More
Ariceum Therapeutics establishes subsidiary in Basel
Basel Area Business & Innovation, Innovation, Invest, Life Sciences / biotech

Ariceum Therapeutics establishes subsidiary in Basel

The German life sciences firm Ariceum Therapeutics has established a subsidiary in Basel. This company has received support from Basel...

Read More
1 2 3 32

Do you have a question? We'd like to hear from you.