New Shareholders for Medicortex
More than half of the investments in the round came from new investors which means that the company has currently a total of 267 shareholders. Last autumn Medicortex signed a 2 million dollars research grant contract with the US Department of Defense (DoD) to develop a prototype of a rapid test for detection of mild traumatic brain injury or concussion in urine samples.
“While the contract with the DoD supports the main product development activities for the coming year, the grant is bound to the activities presented in the project plan. The funds raised in the share issue enable us to activate parallel initiatives to pave the way for the future products.” says Dr. Adrian Harel, CEO of Medicortex. “Continuous support from many old shareholders together with the public interest and investments by a fair number of new investors indicate that we are on the right path.” Dr. Harel concludes.
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Contacts
Adrian HarelCEO
Tel:+358 400 488 817adrian.harel@medicortex.fiLinks
About Medicortex Finland Oyj
Medicortex Finland OyjMedicortex Finland Oyj is a biotechnology company dedicated to improving the diagnostics and treatment of Traumatic Brain Injury (TBI). Its current focus is on developing biomarker diagnostics to detect brain injury easily. The company has technology to capture biomarkers from urine and saliva and capability to develop an affordable diagnostic tool to detect biomarkers. Company's second goal is to develop new compounds to serve as drug candidates to halt progression of brain injury and reduce the secondary degeneration. Medicortex was founded by an Israeli Neurobiologist Adrian Harel (PhD, MBA) and the company is based in Turku, Finland.
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Latest releases from Medicortex Finland Oyj
A European patent granted for Medicortex11.12.2025 17:00:00 EET | Press release
The European Patent Office (EPO) has granted a patent for Medicortex Finland Oyj, a biopharmaceutical company focusing on development of diagnostics and treatments for traumatic brain injury (TBI). The patent strengthens Medicortex's unique approach for detection of glycan-based indicators of brain trauma.
Medicortex Signs a Share Purchase Agreement (SPA) with Nosium Ab (publ) – Strengthens Path Toward Commercializing TBI Diagnostics24.11.2025 10:13:02 EET | Press release
Medicortex Finland Oyj (“Medicortex”), together with its majority shareholders, has signed a binding SPA with Nosium Ab (publ) (“Nosium”), marking a significant step toward advancing the commercialization of Medicortex’s rapid diagnostic tests for traumatic brain injury (TBI). Under the agreement, Nosium intends to acquire up to 89.9 percent of Medicortex at a valuation of EUR 1 per share. The agreement underscores strong confidence in Medicortex’s biomarker-based, non-invasive diagnostic approach for TBI.
A patent granted for Medicortex28.8.2025 12:00:00 EEST | Press release
Medicortex Finland Plc, a biopharmaceutical company focusing on development of diagnostics and drugs for mild traumatic brain injury (TBI), was granted a patent in Israel for company’s innovative method and device for non-invasive detection of TBI.
Medicortex Finland Plc signed a 1.4 million dollars research grant contract with the U.S. Department of Defense24.6.2024 11:15:00 EEST | Press release
Medicortex Finland Plc, a biotechnology company dedicated to improving the diagnostics and treatment of Traumatic Brain Injury (TBI), announces that the United States Department of Defense (“DoD”) has awarded the company a research grant of about 1.4 million dollars for its project plan to develop a rapid test for detection of mild traumatic brain injury (TBI) and concussion using saliva.
Medicortex Finland Plc appointing new members for the Board of Directors3.5.2024 09:51:16 EEST | Press release
Medicortex Finland Plc, a biotechnology company located in Turku, Finland, with a proprietary biomarker technology for detection of traumatic brain injury (TBI), announces appointment of Nils Grönberg and Ville Ranta-Panula (MSc, MBA) as new members in company’s Board of Directors. Grönberg and Ranta-Panula supplement the team of scientists and clinicians with their diverse expertise in business development and management, among other skills.