High-Tech Medical Diagnostic Firm, Adarza BioSystems, Plans St. Louis, Missouri, Research Facility
07/15/2013
The company’s proprietary chip-based platform diagnostic capabilities range from allergy testing to cancer diagnostics, and serves both commercial and at-home purposes. The company is developing a rapid and label-free biological assay platform for measuring clinical and point-of-care samples.
The Missouri Technology Corporation, a non-profit corporation housed within the Missouri Department of Economic Development focusing on promotion of entrepreneurship, invested $200,000 in the life science startup company through its IDEA Funds program. The firm will primarily use funds to develop product prototypes and hire key personnel in St. Louis, state economic development officials said.
In addition to MTC’s investment, Adarza received a matching investment from BioGenerator, a private entrepreneurship support organization and early-stage capital fund based in St. Louis. The combined $400,000 investments from MTC and BioGenerator are part of $1.4 million total raised to launch Adarza in St. Louis.
“We’re excited to welcome Adarza BioSystems to Missouri’s extensive network of technology startup companies,” said Bill Anderson, Executive Director of Missouri Technology Corporation. “Investing in tech startups keeps us on the forefront of innovation and stimulates Missouri’s economy. With the state’s highly skilled workforce, low cost of doing business and strategic investment initiatives, it’s no surprise that high tech startups are looking at Missouri for growth opportunities.”
Adarza BioSystems is currently located in Rochester, N.Y., but will expand to St. Louis to take advantage of the area’s extensive life sciences assets. MTC’s diverse recruitment tool kit offers promising tech startups, like Adarza, opportunities for rapid growth and expansion in Missouri, state officials said.
Project Announcements
GMAX Industries Plans Winston-Salem, North Carolina, Production Operations
07/14/2025
ORBCOMM Expands Sterling, Virginia, Operations
07/14/2025
Clayton Supply Expands Morristown, Tennessee, Production Operations
07/14/2025
Fine Organic Industries Limited Plans Jonesville, South Carolina, Operations
07/14/2025
Wayne-Sanderson Farms Establishes Danville, Arkansas, Feed Mill Operations
07/11/2025
Spiritus Technologies PBC Plans Santa Fe, New Mexico, Operations
07/10/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
In Focus: AI Is Changing Incentives Math
Q2 2025
-
How to Choose the Right Site for Your Factory in 2025’s Volatile Landscape
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
First Person: David Robey, Co-CEO of QTS Data Centers
Q2 2025
-
Manufacturing’s New Risk Game for Site Selection
Q2 2025