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Home Industry News Medical Devices Owlstone Medical Secures $27M to Advance Breath Biopsy Development
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Owlstone Medical Secures $27M to Advance Breath Biopsy Development

15th January 2025

Owlstone Medical, a leader in breath-based diagnostics, has successfully raised $27 million USD in the first close of its Series E financing round. Based in Cambridge, UK, the company plans to use this capital to further develop its innovative Breath Biopsy® platform and launch new diagnostic tests and point-of-care devices. This funding round has seen investment from key players, including Ventura Capital and Aviva Investors, marking a significant milestone in the expansion of their pioneering technology’s commercial applications.

Owlstone Medical is on a mission to revolutionise diagnostics with its Breath Biopsy® platform, designed to analyse the chemical composition of breath for early disease detection. This advancement holds promise for addressing critical unmet clinical needs, such as early lung cancer and liver disease detection, which represent billion-dollar market opportunities.

The company’s technology is already in use at over 100 research sites globally, in collaboration with major pharmaceutical companies like AstraZeneca and GlaxoSmithKline. The infusion of funds aims to expedite clinical trials and potentially transform how diseases are diagnosed and treated worldwide.

As Owlstone Medical accelerates its efforts with new funding, it brings breath-based diagnostics closer to mainstream healthcare application. With ambitions to save 100,000 lives, the company’s advancements could profoundly impact health outcomes by enabling earlier and more accurate disease diagnosis. By leveraging these innovative technologies, Owlstone is set to redefine the diagnostic landscape and enhance patient care on a global scale.

For the latest updates and in-depth insights into the world of Medical Devices, including breakthrough technology, industry trends, and regulatory news, contact Mark Atkinson today!

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