Advanced Liquid Logic, a microfluidics “lab-on-a-chip” spinout from Duke University’s Pratt School of Engineering, announced that it had acquired Nanolytics, Inc.
“This clearly gives us the high ground in the race for both demonstrated progress and intellectual property in this exciting new technology. The technology has huge potential for miniaturizing test equipment and performing complex tests at the point of sample collection,” said Richard West, CEO of Advanced Liquid Logic.
“Not only will we benefit from Nanolytics’ patents but from the continuing contributions of key Nanolytics employees as well,” West added.
Nanolytics, founded in the late 1990’s, had received several million dollars in commercial and Government support prior to the transaction. Michael Pollack, an early Nanolytics employee, left Nanolytics to further develop the technology at Duke University and then went on to co-found Advanced Liquid Logic in 2004.
“Our own excellent team has brought us to this important milestone,” said Advanced Liquid Logic’s other co-founder Vamsee Pamula.
Pamula continued, “While the technology is exciting it takes much more than that to create a promising company with the resources to become the industry leader.”
“I look forward to working with the Advanced Liquid Logic team as we move the technology into game-changing products,” said Nanolytics Founder and CTO Alex Shenderov.