Almost ten years after the first funding round by founding father and shareholder UTIV, U-Needle announces completion of a second funding round as part of the management buy-in by Dr. Gert Veldhuis and Mr. Jeroen Wissink, who will jointly form the U-needle’s new Board of Directors as of January 15, 2018.
U-Needle expects CE approval of U-Needle’s first microneedle product Bella-mu in February 2018. Anticipating this approval, the 0.5 million EUR capital injection will be used to accelerate the company’s growth strategy and enter new application markets.
To this end, U-Needle will shift her focus from microneedle research and development towards the development of clinical applications of Bella-mu and related products in the field of aesthetics, vaccination and diabetes.
U-Needle develops proprietary microneedle technology applied in various user-friendly intradermal injection devices for aesthetics, vaccination and diabetes therapies.
The advanced microneedle technology facilitates fast therapy onset and reduced dose in pharmaceutical injectables.