Diversa Finalizes its Market Launch With an Eye on the US, Europe, and Japan

After opening a seed financing round of $347,000 (€300,000), the Galician startup Diversa has reached agreements with a distributor, whose name has not been disclosed, to market its technology in the United States, Europe, and Japan, according to María de la Fuente, founder, and CEO of the company.

This Galician startup has developed its own technology based on chemical emulsions. The aim of these compounds is to act as new vehicles capable of favoring the release of biomolecules and drugs in targets that are difficult to access on an intracellular scale.

In this sense, Diversa is oriented towards the design of solutions to unresolved medical needs, so “advanced chemical formulations are needed to overcome the body’s own barriers,” explained De la Fuente. The solutions produced by the company “aim to support the production of more efficient pharmaceutical products,” adds the founder.

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Diversa has already raised $231,000 (€200,000) from business angels, and expects to close the round before the new year

Diversa’s patented technology is based on lipid emulsions with an “easily controllable size and narrow distribution”. These nanometer emulsions can associate a wide variety of compounds and show high association efficiency, allowing them to be delivered to their target site overcoming biological barriers.

Diversa organizes its business offer in three differentiated lines. The first is aimed at supplying independent researchers and is based on the commercialization of its vehicle through kits, at a price of $579 (€500) per unit.

The second focuses on customized development for pharmaceutical companies to work on solutions to unresolved medical needs. In this sense, the company already has companies such as 4basebio and ZeClínics as clients. Finally, Diversa also focuses on providing services through research centers.

The company has already raised $231,000 (€200,000) from business angels and expects to close the round before the new year, so the launch of the reagents is prepared for early January 2021. Diversa currently has a team of ten employees made up of clinicians, pharmacists, biologists, and chemists.

Diversa was created this year as a biotechnological spin-off of the Nano-oncology and Translational Therapeutics Unit of the Health Research Institute of Santiago de Compostela (Idis) and the Galician Health Service (Sergas) and is based at the University Campus of Santiago de Compostela.

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(Featured image by nattanan23 via Pixabay)

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