Abram Scientific Secures $11.75M Series A Funding Led by Octapharma AG
Financing will accelerate the development of proprietary portable diagnostic platform, CoagCare™, to enhance patient care for bleeding disorders & critical care medicine
This funding will accelerate the development of Abram Scientific's proprietary portable platform, CoagCare™, for aiding the evaluation of blood clotting disorders and to assist in determining appropriate transfusions and therapy for patients undergoing trauma and surgical procedures. The capital will also support advancement of the CoagCare system towards achieving clinical milestones and securing U.S. Food & Drug Administration (FDA) 510(k) clearance.
Abram's CoagCare System is a novel diagnostic platform for diagnosis and characterization of coagulation-related disorders, delivering rapid hemostasis information to improve clinical outcomes. The CoagCare system is designed as a point-of-care (POC) meter employing a single-use diagnostic test card. The platform utilizes proprietary technology for fast and highly accurate measurement of blood viscoelasticity and density, characterizing the entire blood coagulation cascade from blood clot formation to fibrinolysis in under 10 minutes, enabling the detection of blood clotting or bleeding disorders and guiding the use of therapy for optimal coagulation management.1
The CoagCare System offers significant advancement over current global coagulation diagnostic platforms, such as thromboelastography (TEG®) and thromboelastometry (ROTEM®), that typically require 30 to 60 minutes for a complete measurement including fibrinolysis.2, 3, 4, 5 In sharp contrast, the CoagCare system provides a complete and rapid assessment of the blood coagulation process, delivering results in under 10 minutes from a single drop of blood. Designed as a portable, vibration-insensitive solution, CoagCare holds promise for applications in remote or pre-hospital settings such as MEDEVAC helicopters and ambulances where stable, laboratory-grade conditions aren't always available and the speed of adjudicating and delivering the right transfusion becomes a matter of life or death.
"Our mission is to enable CoagCare to help adjudicate life-saving therapies and transfusions, so that the right therapy is provided to the patient at the right time and at the right dosage," said
Octapharma ensures timely access to the leading critical care therapies with a product portfolio focused on improving patient outcomes. Octapharma has made significant contributions to improving standards of critical care and developing new treatments for coagulation management. The Octapharma investment signifies its interest in emerging platforms that address unmet clinical needs in the hematology and critical care space, and represents its first major investment in the diagnostics sector. This new direction is poised to broaden the Octapharma products' applications across the entire continuum of care for the patients it serves.
"We are excited to partner with Abram Scientific in this phase of next-generation technology development," said
"Uncontrolled hemorrhage remains one of the leading—and most preventable—causes of early trauma death," said Dr.
About Abram Scientific
Based in the
About Octapharma
Octapharma is one of the world's largest human protein manufacturers, developing and producing therapies from human plasma and human cell lines. Headquartered in Lachen,
With seven R&D sites, five manufacturing facilities in
About University of Colorado Anschutz
The University of Colorado Anschutz is a world-class academic medical campus at the forefront of transformative science, medicine, education and patient care. The campus encompasses the University of Colorado health professional schools, more than 60 centers and institutes and two nationally ranked independent hospitals – UCHealth University of Colorado Hospital and Children's Hospital Colorado – which see more than two million adult and pediatric patient visits yearly. Innovative, interconnected and highly collaborative, CU Anschutz delivers life-changing treatments, patient care and professional training and conducts world-renowned research fueled by
REFERENCES
- Ramkumar A, et al. A novel, point-of-care (POC) portable meter & disposable card, viscoelastic coagulation diagnostic platform for hemostasis management with complete results including fibrinolysis in under 10 minutes. Res Pract Thromb Haemost. 2024;8(Suppl 2):PB0094. https://www.rpthjournal.org/article/S2475-0379(24)00199-7/fulltext.
- Hemostasis Management, Haemonetics Corporation website: https://hospital.haemonetics.com/hemostasis-management
- Optimal Patient Blood Management and efficiency, Werfen website: https://www.werfen.com/na/en/coagulation-testing-rotem-delta
- Fully automated viscoelastic testing at the POC, Werfen website: https://www.werfen.com/na/en/coagulation-testing-rotem-sigma
- Hartmann J, Hermelin D, Levy JH. Viscoelastic testing: an illustrated review of technology and clinical applications. Res Pract Thromb Haemost. 2023;7(1):100031. https://doi.org/10.1016/j.rpth.2022.100031
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SOURCE Abram Scientific
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