NEW YORK (GenomeWeb News) – Sistemic, an miRNA-based products developer, said today that it has received an undisclosed amount of funding from the economic development entity Scottish Enterprise.
The Glasgow-based company said that the grant is part of a £1 million ($1.5 million) investment campaign that it plans to use to double the size of its operations and to relocate to customized labs in the first half of this year.
Sistemic's products are focused on three areas: miRNA profiling, statistical analytics, and multi-layered contextual analytics. The company's miRNA analysis products include SistemRNA, SistemQC, SistemKB, and SistemTOX.
The company's profiling technology is used to test the miRNA response of individual cells to a chemical or biological stimulus and to compare this data to the Sistemic Knowledgebase of miRNA response for analysis.