The Dublin-based company also aims to raise up to €5 million this year to support additions to its R&D and sales and marketing teams.
The test leverages loop mediated isothermal amplification technology and enables the rapid detection of Neisseria meningitidis directly from cerebrospinal fluid samples.
The funding will be used to expand research and development as well as the firm's international distributor network.
The test is the third in the firm's line of infectious disease assays, which also includes tests for meningococcus and Group B Strep.
The assay uses loop-mediated isothermal amplification to directly detect Streptococcus agalactiae infection, a common cause of neonatal meningitis.
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