Nebu-Flow announced that it has closed a $5.9 million funding round led by venture capital firm SCVC that will support continued development of the company’s surface acoustic wave (SAW) nebulization technology. In 2022, the University of Glasgow spinout announced that it had closed a £1.7 million funding round and received a £1 million grant from Innovate UK.
Nebu-Flow CEO Elijah Nazarzadeh commented, “Our mission is to revolutionize respiratory drug delivery. The investment accelerates our development activities to position the company for inhalation delivery of RNA-based formulations. We now look forward to the final product development and commercialization stages, with the support of SCVC and our other investors.”
Nazarzadeh added, “Essentially, our technology provides new opportunities for targeted drug delivery to the lungs as well as drug delivery to the cardiovascular and central nervous systems. We are engaged with a number of partners in the UK and North America who are currently trialling the product as we prepare for the regulatory approval stage.”
Read the Nebu-Flow press release.
