MedTech raises £500k for innovative diagnostic tests

Quick Summary:

Founded in 2016 by CEO Dr Ben Cobb, who has spent his career innovating new diagnostic products including the GeneDrive diagnostic system and chair Elaine Warburton OBE, healthcare entrepreneur and former CEO at medical technology company QuantuMDx, Bath-based ReadyGo is a developer of diagnostics tests and tools for use both at point-of-care and in the lab.

Funding will also support R&D at the company’s laboratory facilities at Newark Works, Bath Quays South, as well as invest in its team to increase headcount as the business works to service the growing demand for its innovative products.

Paul Jones, Senior Investment Manager at the British Business Bank said: “ReadyGo have developed a range of easy to use products that looks to lower costs and produce reliable lab-grade testing in almost any location.

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Article Details

Author / Journalist: Jonathan Symcox

Category: InvestingBusiness

Markets: United Kingdom

Topics: MedTech Investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-06 @ 08:43:26 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businesscloud.co.uk

Language: English

Article Length: 583 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 33 words per sentence (average)

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Copyright Owner: © BusinessCloud

News ID: 26692211

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