Medicortex Finland Oyj

A patent granted for Medicortex

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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.

The granted patent (IL 268793) belongs to the company’s patent family titled “Non-invasive brain injury diagnostic device”. It protects a method and a simple handheld device based on a porous matrix for detecting company’s glycan-based biomarkers of TBI. Above all, the method and device are intended for probing non-invasive body fluid samples such as saliva enabling rapid detection of the head injury status after an incident in the field-testing conditions or even at home.

Medicortex has once again received confirmation of its strength in patent protecting the innovations and new technologies it has developed in-house by its experienced research team.

Dr. Harel, the CEO of Medicortex says: "The diagnostic kit being developed by Medicortex will enable a person to test themselves using a non-invasive body fluid sample such as urine or saliva to determine if an actual brain injury has occurred and if so, they will need to go to a hospital for further analysis. This kit makes an injured person aware of a brain trauma which will help decrease the risk for associated chronic conditions, as well as reduce the cost and time needed for diagnosis."

The company has received awards from the US Department of Defense’s medical research funds and is continuously submitting new research grant applications to advance the R&D project related to this invention. Medicortex is also open to private investments and information for interested investors is available at https://medicortex.fi/investors/.

Forward-looking statements

Certain statements in this communication are forward-looking statements. They are based on the views of the company’s management, as well as the understanding and assumptions of the company’s management based on the information available at present, and due to this, they may be forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors, which may result in that the company’s actual future results, operations, achievements and performance of the sector may differ significantly from the expectations conveyed in these statements. Forward-looking statements are not a guarantee of the company’s operational or financial performance in the future.

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About the company

Medicortex 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 experienced Neurobiologist Adrian Harel (PhD, MBA) and the company is based in Turku, Finland.

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Latest releases from Medicortex Finland Oyj

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.

Turun kaupunki myönsi Medicortexille TKI-setelin15.6.2023 13:21:40 EEST | Tiedote

Medicortex Finland Oyj, turkulainen aivovammojen diagnostiikkaan ja lääkekehitykseen erikoistunut yritys, on saanut 5000 euron arvoisen TKI (tutkimus, kehitys- ja innovaatio-osaaminen) -setelin Turun kaupungilta. Seteli käytetään Turun yliopiston kanssa yhteistyössä tehtävän tutkimushankkeen edistämiseen. Hankkeen tarkoituksena on tutkia sähkömagneettisen säteilyn vaikutusta keskushermostoon koe-eläinmallissa.

Medicortexin kevään 2023 osakeanti päättynyt – yhtiö kiitollinen yleisön mielenkiinnosta30.5.2023 10:45:00 EEST | Tiedote

Medicortex Finland Oyj, tapaturmaisen aivovamman diagnostiikkaa ja hoitoa kehittävä turkulainen bioteknologiayhtiö, on saanut päätökseen osakeantikampanjan toisen kierroksen. Kampanjan aikana, joka sijoittui 2023 vuoden ensimmäiselle puolikkaalle, yritys keräsi yli 110 000 euroa. Saadut varat käytetään uusien hankkeiden aktivoimiseen yhtiön ensisijaisen tuotekehitysprojektin rinnalla.

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