Novel Microdevices
101 W Dickman St Ste 300, Baltimore, MD, 21230, United States
Overview
Novel Microdevices is a Baltimore, MD–based clinical diagnostics company whose flagship Novel Dx device is a rapid, portable, multiplexed point-of-care RT‑PCR platform that detects RSV, Influenza A, Influenza B, and COVID-19 in about 15 minutes. The company completed critical performance milestones under the NIH RADx Tech program and is positioned to deliver laboratory-quality molecular testing directly in clinical settings. It initially received $1.4M in Phase 1 funding in August 2023 to support development of its next‑generation diagnostic platform. Following milestone completion, Novel Microdevices received an additional $2.68M follow‑on award to accelerate commercialization efforts and speed market entry. Led by CEO Andrea Pais, the company aims to achieve near-term commercialization within the RADx-established timeframe. The project is funded in part with federal funds from NIBIB/NIH/HHS under Contract No. 75N92023D00001.
- Total raised
- $3M
- Funding rounds
- 1
- Latest round
- Equity
- Latest activity
- Nov 2024
Industries
- Biotechnology
- Health Care
- Medical
- Medical Device
Recent funding
Equity
Nov 2024
$3M