Statadx

Statadx

Verified
Building the world's first point-of-care diagnostics platform for Neurology. Learn more

Launch date
Employees
Market cap
-
Net debt
-
Enterprise valuation
$11—16m (Dealroom.co estimates Feb 2022.)
Cambridge Massachusetts (HQ)
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DateInvestorsAmountRound

$2.7m

Seed
Total Funding000k

Recent News about Statadx

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Stata DX is a pioneering startup leveraging advanced technology to revolutionize disease management, particularly in neurology. The company is built on the eRapid technology developed at Harvard's Wyss Institute, which is a low-cost, highly sensitive, and selective electrochemical sensing platform. This platform can detect a wide range of biomarkers from just a single drop of blood, making it incredibly efficient and user-friendly.

Stata DX primarily serves clinical researchers and healthcare providers who are involved in clinical studies and patient care. The company operates in the healthcare and biotechnology market, focusing on point-of-care diagnostics. This means they provide tools that can be used directly at the patient's location, whether in a clinic or at home, without the need for complex lab equipment.

The business model of Stata DX revolves around selling its diagnostic platforms and associated consumables, such as multiplexed cartridges that can test up to 10 different biomarkers simultaneously. These cartridges support various types of assays, including immunoassays, enzymatic assays, and nucleic acid detection. By offering a cloud-connected, mobile solution, Stata DX ensures that healthcare providers can continuously monitor patients without the need for cumbersome wires or cables.

Stata DX makes money through the sale of its diagnostic devices and the recurring revenue from the consumable cartridges. Additionally, they may partner with research institutions and healthcare organizations to integrate their technology into broader clinical studies and healthcare solutions.

In summary, Stata DX is transforming the landscape of disease management with its innovative, easy-to-use, and highly effective diagnostic platform. Their focus on neurology and the ability to provide real-time, cloud-connected data makes them a valuable player in the healthcare market.

Keywords: eRapid technology, biomarkers, neurology, point-of-care, diagnostics, cloud-connected, multiplexed cartridges, clinical studies, healthcare, biotechnology.