Sofinnova Partners and Redmile Group led a $40m funding in Sphere Fluidics.

Sofinnova Partners, a venture capital firm, and Redmile Group, a privte equity firm, led a $40m funding in Sphere Fluidics, a company that has developed and is commercialising single cell analysis systems underpinned by its proprietary picodroplet technology. “We remain impressed by Cyto-Mine’s high-throughput, ease-of-use and accessible cost. In the growing markets of monoclonal antibody discovery, cell line development and cell therapy, we see a significant need for such an affordable and reliable single cell analysis system as Cyto-Mine, capable of performing multiple assays on tens of millions of individual cells per run,” Tom Burt, Sofinnova Partners Partner.