Samsung Group companies will jointly invest $10 million in C2N Diagnostics LLC, a U.S.-based company specializing in blood-based Alzheimer’s disease diagnostics, in their broader push into next-generation healthcare technologies.Samsung C&T Corp., the de facto holding company of Samsung Group, announced on Thursday that it has decided to invest $10 million in C2N through the Samsung Life Science Fund, created jointly by Samsung C&T, Samsung Biologics Co.and Samsung Bioepis Co.and managed by their affiliated investment arm Samsung Venture Investment Corp.
Food and Drug Administration (FDA) approval for its Alzheimer’s disease-specific fluid biomarker tests, which could become a game-changer in early detection and treatment of the cognitive impairment.“Samsung’s important investment will allow C2N to further strengthen our capabilities, expand our commercial scale and innovate next-generation diagnostic tests that can improve patients’ lives,” C2N CEO Dr.
C2N, a specialty diagnostics company for brain health, offers a blood test that is a safer and more cost-effective alternative to traditional diagnostic methods, such as amyloid PET-CT scans or cerebrospinal fluid tests, in accurately measuring Alzheimer's-related proteins, including amyloid-beta.
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