MiNDERA Corp closes Seed financing round and adds SHD's Andrew Offer to its Board

News provided by

Oct 12, 2015, 07:30 ET

SOUTH SAN FRANCISCO, Calif., Oct. 12, 2015 /PRNewswire/ -- MiNDERA Corp. ("MiNDERA), a leader in non-invasive molecular diagnostics for dermatology and skin-related cancers, announced today the close of its $1 million Seed financing round. Scientific Health Development and other individual investors are among MiNDERA's new investors. This financing round will enable MINDERA to further validate its proprietary micro-needle technology and prepare for the launch of its first research products.

Find out more about MiNDERA's technology

"We are very pleased to welcome Scientific Health Development ("SHD") among our investors. Our Seed round is now oversubscribed, which is a significant milestone for the company. We believe this is a recognition of the quality of our science, validation of our technology and its potential to fundamentally change the way skin diseases are studied and diagnosed," said Philippe Nore, MiNDERA's CEO and co-founder. "The proceeds of the round will be focused on product and development activities. We are looking forward to generating and publishing compelling data in the near future".

Andrew Offer, Managing Director at Scientific Health Development will be joining MiNDERA's Board of Directors following SHD's investment in the company. "We are very excited for the many potential applications of the MiNDERA platform. The ability to non-invasively extract molecular information from the skin lends itself to numerous unique opportunities," Mr. Offer suggested in regards to MiNDERA's technology.

About MiNDERA: At the core of MiNDERA's products is a proprietary micro-needle device that enables pain free, minimally invasive and targeted extraction of biomarkers from the skin, without requiring a skin biopsy. These biomarkers are then eluted and analyzed by molecular techniques including PCR and next-generation sequencing to deliver a molecular profile of the sampled region. MiNDERA is pursuing research applications as well as diagnostic applications for skin cancer and other skin diseases. MINDERA is a semi-finalist of the 2015 MedTech Innovator competition and was recently nominated for the 2015 QB3 Diagnostics Start-Up of the Year award.

About Scientific Health Development: Scientific Health Development ("SHD") is a life science focused investment company located in Dallas, TX. The most recent fund, SHD III, initially closed in early 2015 and is currently making portfolio investments. For more information on SHD, please refer to their website: www.shdpartners.com

Video - https://www.youtube.com/watch?v=hU0byw1g4Vo&feature=youtu.be

SOURCE MiNDERA Corp.