27 March 2023 | Monday | News
Since its founding in 2020, lino Biotech has made significant advances in developing new biosensors to facilitate quality control in bioprocessing, measuring viral load in cell & gene therapy manufacturing, and testing for off-target responses in living cells to support drug discovery.
Headquartered in Bergisch Gladbach, Miltenyi Biotech has been a global provider of products and services for biomedical research and cellular therapy for more than 30 years.
Under the terms of the transaction, Miltenyi Biotech will acquire 100% of the shares from the investors including Roche Venture Fund and High-Tech Gründerfonds. The specific terms of the transaction were not disclosed.
"lino´s innovative biosensor platform and Miltenyi's cell and gene therapy approaches offer exciting synergies to lower the cost and establish a new standard for potency assays," said Dr. Mirko Stange, CEO of lino Biotech.
lino's headquarters in Zurich will be further expanded for research, chip, and application development.