Silicon Canals
No Result
View All Result
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • AI and chatbots
    • FinTech
    • Business Wire
    • Travel & Mobility
    • Coin Canals
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Amsterdam
    • Community partners
    • Remote: Tech Talent Report
    • Guest Contributions
  • Find a job
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Sign up for our newsletter!
    • Contribute your content
    • Team
    • About us
  • Partner with us
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • AI and chatbots
    • FinTech
    • Business Wire
    • Travel & Mobility
    • Coin Canals
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Amsterdam
    • Community partners
    • Remote: Tech Talent Report
    • Guest Contributions
  • Find a job
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Sign up for our newsletter!
    • Contribute your content
    • Team
    • About us
  • Partner with us
No Result
View All Result
Silicon Canals
No Result
View All Result

Dutch biotech startup Toxys that develops animal-free safety tests secures €2M funding

Editorial team by Editorial team
March 16, 2020
in News, (Crowd)funding, Startups
Dutch biotech startup Toxys that develops animal-free safety tests secures €2M funding
54
SHARES
LinkedInTwitterWhatsAppFacebook
Read this article in:

Toxys is a Dutch biotech startup offering a broad spectrum of innovative in vitro toxicology solutions. Founded in 2014 as a spin-off from Leiden University Medical Center, this company is dedicated to bring relevant information to its clients on potential human health hazards of existing and novel drugs, chemicals and other substances.

Toxys is known for the development of unique animal-free laboratory tests for the safety assessment of novel medicines, cosmetics, chemicals, and food. The biotech company intends to become a global leading supplier of expert in vitro chemical safety testing services.

Raises €2M funding

The Dutch biotech company secured €2 million funding from KIKK Capital, Zeeland Investment fund, InnovationQuarter, Toxys management, and Rabobank. The new investment will let Toxys accelerate its growth by expanding its operations in Europe and the US. The company will also broaden its portfolio of in vitro toxicology assays, accelerate international growth and implement its toxicology assays for regulatory applications.

Giel Hendriks, CEO of Toxys, commented: “We have made important progress on development of innovative animal-free tests for drug and chemical safety testing. I am very proud of the strong and dedicated Toxys team to execute our plans to become a trusted expert in toxicological research. With this new investment, we are ready to further expand our business globally and continue to work on the development of novel solutions for toxicological research”.

Patented ToxTracker assay!

Toxys has developed the patented ToxTracker assay that can identify toxic and carcinogenic properties of novel pharmaceuticals, fine chemicals, and agrochemicals at an early stage of product or drug development. It can prevent unnecessary rejections of highly valuable drug products, minimise drug or product development timelines and prevent unwanted animal testing.

The unique capability of ToxTracker is to identify the mode-of-action of toxic compounds that significantly enhance the ability to predict and minimise risks for human health. Currently, it is under review by the international authorities for official acceptance so that the test systems can be included within the standard regulatory safety test strategy.

Besides ToxTracker, Toxys is also prepping to launch the novel ReproTracker test. With this test, it aims to fill a large unmet requirement for an in vitro embryo toxicity test.

Main image picture credits: Toxys

Stay tuned to Silicon Canals for more European technology news.

Tags: Dutch Startupsfunding
ShareTweetSendShare54

Partner content | Partner with us

Germany’s Sastrify expands market reach; acquires Amsterdam-based Pengu and raises fresh funds

Amsterdam-based startups that are fundraising right now

Founders on Bootstrapping: Insight’s Farzan Najmeddin on when to bootstrap, future of work, and funding

Check out the Amsterdam startups that raised funding in November; 5 of them are hiring

Dutch-Swiss startup Cradle raises €21.9M for pioneering Generative AI in protein design

Silicon Canals | Find a job

Top news | from Amsterdam

Amsterdam’s LAYCO raises €300K to make healthcare more sustainable and accessible

Amsterdam’s ImpactPilot set to revolutionise customer success through HubSpot integration

Meet the winners of the Amsterdam Science & Innovation Award 2023

Amsterdam’s grocery app Crisp bags €35M from Adriaan Mol, Thomas Plantenga, others 

Amsterdam fintech Silverflow raises €15M to fuel its “aggressive” global expansion plans

  • About Silicon Canals
  • Partner with Silicon Canals
  • Impressum
  • Contact us
  • Sign up for our newsletter!
  • Find a job
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

No Result
View All Result
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • AI and chatbots
    • FinTech
    • Business Wire
    • Travel & Mobility
    • Coin Canals
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Amsterdam
    • Community partners
    • Remote: Tech Talent Report
    • Guest Contributions
  • Find a job
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Sign up for our newsletter!
    • Contribute your content
    • Team
    • About us
  • Partner with us

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

X
X