InSphero Wins ACES Award as Top European Academic Enterprise in Life Sciences
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InSphero AG, the leading provider of 3D cell culture technology, assay-ready 3D microtissues, and 3D-focused contract research services, was recognized last Tuesday as winner of the 2014 ACES Life Sciences Award. The pan-European award recognizing enterprise in university and public research institutes was announced October 7th in Berlin, Germany. The award marks the second such honor in three weeks for InSphero, after having been named the #1 Swiss Startup in the Top 100 Swiss Starup Rankings on September 18th.
Founded in 2009 in Zurich, Switzerland as a spin-off of the Swiss Federal Institute of Technology (ETH) Zurich and the University Zurich, InSphero now also operates commercial offices in Germany and the United States. InSphero's 3D InSight™ human and rat liver microtissues are used for in vitro toxicity and safety testing, and the company recently added novel 3D pancreatic microislets, a spheroid imager, and an optimized cytotoxicity assay kit to its portfolio of 3D-focused products and services.
Dr. Jan Lichtenberg, Chief Executive Officer and co-founder of InSphero states the company's success reflects the market's need for more biologically relevant models for drug safety testing, and InSphero's ability to deliver state-of-the-art 3D solutions. "With this second award within just three weeks, we have been recognized as the leading startup not only in Switzerland, but also across European Life Sciences startups. Over the past five years, we have managed to win all of the top 15 largest pharmaceutical and the number 1 cosmetics companies as customers. This shows how seamlessly our 3D technology can be integrated, and how quickly it improves compound testing for our customers."
Melanie Aregger, Head of InSphero's Diagnostics Business Unit, was present to accept the award in Berlin, saying the award, "is a tremendous honor which, along with our excellent market traction, has built positive momentum for our current Series C investment round to support the global roll-out of our validated technology."
The ACES awards program was created in 2008 by Science|Business, a Brussels- and London-based media company and innovation network set up to recognize entrepreneurship at academic institutions. The ACES 2014 winner's conference was held in Germany at the Technical University Berlin. The winners were chosen by the Science|Business Innovation Board from a shortlist drawn up by a jury drawn from academia, industry, and venture capital.
