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ALA Diagnostics Opens a New Laboratory in Madrid After Joining BeAble Capital

ALA Diagnostics secured €1.1 million in a financing round in June, supporting its activities in the general laboratory, including Elisa tests. The company also focuses on monoclonal antibody production in a culture laboratory, requiring controlled CO2 conditions. This commitment follows a financing round led by BeAble Capital in June, resulting in a €1.1 million investment and a minority stake in ALA Diagnostics.



ALA Diagnostics

ALA Diagnostics expands its business in the capital of Spain. The Spanish biotechnology company specializing in the development of in vitro diagnostic kits for pathologies with high prevalence or unmet medical needs has launched a new laboratory at number 27 López de Hoyos Street in Madrid, as explained by José Ramón Montero, founding partner and general director of ALA Diagnostics.

The objective of these facilities is to provide the company with the necessary infrastructure to be able to concentrate the production activities of the components of its diagnostic kit, complete clinical trials, and centralize the management of the company.

To do this, the company has installed two laboratories, one general for research and development (R&D) and another for crops, and a cold room. The spaces have all the necessary equipment for the activities planned until the commercialization of its first ALA Diagnostics EM Kit product, as well as offices and a meeting room, where all activities are centralized.

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ALA Diagnostics closed a financing round of €1.1 million in June

In the general laboratory, R&D activities are carried out, including Elisas, which is a laboratory test commonly used to detect antibodies in the blood, in addition to the production of protein batches and preparation of the media necessary for the diagnostic kit.

In the culture laboratory, the company works on the production of monoclonal antibodies. “To do this, it is necessary to have equipment that allows working in controlled CO2 conditions and maintaining sterile conditions,” explains Montero.

This new commitment by the company occured after last June the company closed a financing round of €1.1 million led by BeAble Capital, which took a minority stake in the company.

ALA Diagnostics
In 2021, the company closed its first round of financing for the development of the ALA Diagnostics Em Kit. Source

At the beginning of the year, ALA Diagnostics received a subsidy of more than half a million euros from the European Commission

The company will complete the development of its diagnostic kit and will undertake international clinical trials in the coming months that will allow the product to be marketed in Europe and the United States.

ALA Diagnostics was born in 2019,  as a result of the identification of an opportunity for the development of a blood diagnostic kit for Multiple Sclerosis, applicable to the early diagnosis of the disease, based on a recombinant protein whose activity as a diagnostic biomarker has already been validated. in clinical studies.

In 2021, the company closed its first round of financing for the development of the ALA Diagnostics Em Kit, the first test for the early diagnosis of Multiple Sclerosis in blood. The test is based on a recombinant protein whose activity as a diagnostic biomarker has already been validated in more than 500 human samples. In addition, at the beginning of the year, the company received a non-refundable subsidy of more than half a million euros from the European Commission for research and development (R&D) activities.

José Ramón Montero, in addition to being the general director of the company, has fourteen years of experience in the biotechnology sector, performing functions related to the management of research, development, and innovation (R&D&I) projects, feasibility analysis of projects, preparation of business plans, business strategy and advising biotechnology startups. He is accompanied on the management team by Óscar Fernández, a clinical neurologist with more than forty years of experience. The founding team retains the majority of the company’s capital.


(Featured image by c1n3ma via Pixabay)

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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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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.