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Adntro Relies on Lanzadera to Boost the Commercialization of its Genetic Screening Kit

Despite its desire to expand markets, Adntro already markets its tests in sixty countries on five continents, although the company’s priority markets will continue to be Spain and Latin America. The kits are manufactured in Spain, but the sequencing is carried out in Denmark. The price of each unit ranges from $112 (€99) to $141.5 (€125), depending on the level of analysis chosen.

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Adntro steps on the accelerator for the commercialization of its tests. The Balearic startup selected by Lanzadera, the accelerator promoted by the president of Mercadona, Juan Roig, has opened financing round with the aim of expanding the market of its genetic detection kit. The amount of this round has not been disclosed.

Since October 2020, the company has been marketing a saliva test capable of detecting the genetic variables of each user. The sequencing analyzes different parameters of their health status, such as pharmacogenetics, possible diseases, and nutritional intolerances.

The round already has the support of several partners and is expected to close by the end of the first quarter of 2022, as confirmed by the company’s CEO, Guillermo Perez-Solero, to PlantaDoce. The shuttle support will crystallize in the company through three phases. The first, aimed at financing, has not yet been launched. The second is focused on training, while the last is based on providing the various selected start-ups with an entrepreneurial ecosystem to develop their businesses.

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Adntro already markets its tests in sixty countries on five continents

Despite its desire to expand markets, Adntro already markets its tests in sixty countries on five continents, although the company’s priority markets will continue to be Spain and Latin America. The kits are manufactured in Spain, but the sequencing is carried out in Denmark. The price of each unit ranges from $112 (€99) to $141.5 (€125), depending on the level of analysis chosen.

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From the end of 2021, Adntro has also committed to diversifying its business, entering the hospital business. The company has launched a pilot program in several private hospitals, which aims to implement its software tool oriented to the analysis of genetic data and detection of genetic variants at risk.

This big data solution is intended to act as a data management support for healthcare centers. Currently, Adntro is already working with different private clinics in Spain and Argentina.

Adntro is already working with different private clinics in Spain and Argentina

For its part, since its founding in 2013, Lanzadera has promoted nearly 900 companies and has provided more than twenty million euros in loans. Depending on their needs, the selected companies can receive from grants of one thousand euros to financing worth half a million euros.

Last year, Lanzadera incorporated Genetracer Biotech, AcceXible, Genotipia, Iakan and Rehametrics. This accelerator selected for the May call seventy start-ups that develop innovative solutions in various sectors. HumanITcare has also collaborated with the project.

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(Featured image by National Cancer Institute via Unsplash)

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First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Olivia McCall is passionate about education, women and children’s rights, and the environment. A long-time investor, she covers news about the latest stocks (lately marijuana and tech), IPOs and indices, and is always on the lookout for socially responsible startups. She also writes about the food sector, and has a keen interest on cryptocurrencies.