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T-Net News: 3D Bioprinting Technology Company Aspect Biosystems Closes Seed Round Funding

Published on Monday, August 10, 2015

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T-Net News article on UBC-affiliated Aspect Biosystems.

Vancouver, BC, August 6, 2015–(T-Net)–Aspect Biosystems Ltd.  announced today that it has now closed an oversubscribed seed round funded by the local Vancouver Angel community. Specific terms of the financing have not been released.

Aspect Biosystems is an internationally recognized Canadian biotechnology company founded in November 2013 and spun out from the University of British Columbia and based on advanced research conducted by an interdisciplinary team of world-class researchers in engineering and medicine.

Aspect is a world leader in the development of cutting edge 3D bioprinting technology capable of generating functional living human tissues. Aspect has a vision of enabling human tissues on demand for a range of applications including pre-clinical drug discovery, basic research, cosmetic testing and personalized medicine.

“We are very impressed with Aspect’s breakthrough approach to 3D bioprinting and we believe that the company holds great potential for delivering highly advanced structured tissues in the near term,” said Todd Farrell, President, entrepreneurship@UBC Seed Fund.

The financing will support the development of next generation 3D bioprinting technology and commercialization of Aspect’s first custom human tissue services and products.

“We deeply appreciate the support of Vancouver’s Angel investors who moved quickly to subscribe to this financing and we are very excited to take these key steps toward realizing Aspect Biosystems’ bold vision,” said Konrad Walus, CEO.

Read the full T-Net News article here.