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Contributor: PR Newswire New York
Friday, October 29 2021 - 01:46
AsiaNet
Optina Diagnostics Closes an Oversubscribed Series-A Round of CA$24.8 million
MONTREAL, Oct. 28, 2021 /PRNewswire-AsiaNet/ --

-- This round was led by DigitalDx Ventures and supported by Boehringer 
Ingelheim Venture Fund 

-- Other investors include Desjardins Capital, Hike Ventures, Advisors Fund, 
MEDTEQ+ and Biomed Propulsion (participative debt) 

-- New funding will support the development of Optina's Retinal Deep 
Phenotyping(TM) platform 

-- It will also support Optina's pivotal study for the FDA regulatory 
submission of the awAIr(TM) cerebral amyloid status test for Alzheimer's 
disease detection, aligning the platform with novel therapeutic approvals

Optina, an innovative diagnostics company, leader in Retinal Imaging, Brain 
Health and Systemic Disease detection, announced today the closing of a CA$24.8 
million Series-A round of funding.

Photo - 
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Optina's Retinal Deep Phenotyping(TM) platform obtained FDA Breakthrough Device 
Designation status in 2019 for its non-invasive and more accessible test to 
improve diagnosis accuracy and the management of patients undergoing evaluation 
for Alzheimer's disease (AD). The Series A's primary focus is to support the 
pivotal study for Optina's awAIr(TM) cerebral amyloid status test when AD is 
suspected and will also support the platform development for early detection of 
systemic diseases.

"DigitalDx is honored to have led a successful round for Optina Diagnostics. At 
DigitalDx we believe the recent technological advances in health data capture 
enabled by artificial intelligence (AI) could dramatically impact our ability 
to diagnose illness earlier, potentially drastically improve patient outcomes 
and save our healthcare system billions of dollars and could redefine the way 
we create value in healthcare," says Michele Colucci Founder & CEO of DigitalDx 
Ventures.

"The Boehringer Ingelheim Venture Fund recognizes the potential of the Optina 
technology for capturing a variety of data types at extremely high resolution 
through a possibly faster and simpler non-invasive eye scan. This technology 
could be tremendously valuable for advancing efforts in R&D biomarker 
development. We are excited that Optina will continue to develop their platform 
in multiple areas and strive to bring meaningful health outcomes for patients," 
said Debbie Lin, Ph.D., Executive Director of Digital Health Investments, 
Boehringer Ingelheim Venture Fund.

Funds will also be used to accelerate the deployment of additional clinical 
study sites with the installation of Optina's Retinal Deep Phenotyping(TM) 
platform at leading institutions in the United States, Canada, and Europe.

"We are eager to put this investment to work. Optina is at the forefront of 
Systemic Diseases and Brain Health diagnosis and clinical experts are 
advocating for novel objective tools for early diagnosis and monitoring of 
at-risk patients for these underserved disease areas. This funding could allow 
us to make a significant difference by changing mindsets when it comes to Brain 
Health and hopefully ease millions of worried patients around the world by 
detecting the causes of their cognitive impairment and providing them access to 
novel therapeutics," said David Lapointe, CEO Optina Diagnostics.

About Optina Diagnostics
Optina Diagnostics is a Montreal-based company focused on changing mindsets 
when it comes to Brain Health and systemic diseases. With a first application 
in the early diagnosis of Alzheimer's, Optina challenges the status quo by 
providing an accurate, simple, and non-invasive optical test to understand the 
age-related sources of memory loss, empowering millions. optinadx.com ( 
https://c212.net/c/link/?t=0&l=en&o=3338357-1&h=152609479&u=https%3A%2F%2Foptinadx.com%2F&a=optinadx.com 
).  

About DigitalDx Ventures
DigitalDx Ventures is a woman-owned Venture Capital fund in Silicon Valley 
supporting companies that diagnose illness earlier, less invasively, more 
accurately and less expensively enabled by artificial intelligence and data. 
The Fund is committed to producing a triple bottom line: superior financial 
returns, diversity and access to healthcare for all. There are currently 8 
companies in the portfolio providing game changing diagnostics in Alzheimer's 
diagnosis, kidney health, breast cancer, mental health, maternal health, 
patient monitoring and multi cancer screening. 

About Boehringer Ingelheim Venture Fund
The Boehringer Ingelheim Venture Fund is the strategic venture fund of 
Boehringer Ingelheim Corporation. Since 2010, we invest in pioneering science 
that offers the potential to provide a significant benefit for our patients. 
Innovation is not restricted by geography; therefore, we invest worldwide.

About Desjardins Capital 
Over 45 years strong, Desjardins Capital ( 
https://c212.net/c/link/?t=0&l=en&o=3338357-1&h=1507816921&u=https%3A%2F%2Fwww.desjardinscapital.com%2F&a=Desjardins+Capital 
) has a mission to value, support and nurture the best of Quebec 
entrepreneurship. With assets under management of C$2.8 billion as of June 30, 
2021, Desjardins Capital helps contribute to the longevity of more than 610 
companies, cooperatives and funds in various sectors from across Quebec. In 
addition to helping to maintain and create many thousands of jobs, this 
subsidiary of Desjardins Group ( 
https://c212.net/c/link/?t=0&l=en&o=3338357-1&h=3645944965&u=https%3A%2F%2Fwww.desjardins.com%2F&a=Desjardins+Group 
) offers business owners access to a large business network and supports their 
business growth. For more information, visit our website, desjardinscapital.com 
( 
https://c212.net/c/link/?t=0&l=en&o=3338357-1&h=1962473216&u=https%3A%2F%2Fwww.desjardinscapital.com%2F&a=desjardinscapital.com 
). 

Marie-Claude Marchand, Chief Commercial Officer & Communications, Optina 
Diagnostics Inc., +1 514.727.1571, mcmarchand@optinadx.com

SOURCE  Optina Diagnostics
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