Buffalo-based startup Circuit Clinical joins JLABS @ NYC incubator
Sunday, July 28, 2019
Source: Buffalo Business First
Circuit Clinical has been accepted into one of the top biotech incubators in the U.S.
The Buffalo-based startup company is now a member of JLABS @ NYC, a 30,000-square-foot facility in Manhattan.
JLABS is a no-strings-attached program; there is no financial commitment or formal curriculum. About 500 companies have been admitted to the JLABS program in the past seven years, and those companies have gone on to raise more than $11 billion in venture capital.
Circuit Clinical was founded in 2015 by Dr. Ifran Khan, a local cardiologist who believed there was a better way to connect patients and doctors with clinical trials. The company recently launched its consumer-facing TrialScout platform, which lets patients efficiently search for clinical trials available in their area, along with testimonials and reviews about test sites from other patients.
TrialScout is part of the company's broader business model, which involves building a network of research-minded doctors doing pharmaceutical trials.
Circuit Clinical will retain its Buffalo headquarters at 599 Delaware Ave., where it employs 22 people. The company is wrapping up a $1.2 million round of bridge financing as it prepares to expand its network across New York state next year.
Circuit Clinical also appointed Craig Lipset to its board of directors. Lipset recently stepped down as global head of innovation at Pfizer.
Circuit Clinical is the tenth local company to confirm a round of growth-oriented financing this year. Others include Torch Labs ($10 million), OmniSeq ($8.89 million), Squire Technologies ($8 million), Utilant ($7.5 million), Forsake ($1.5 million), Ru's Pierogi ($500,000), AirExpert (undisclosed), OnCore Golf (undisclosed) and SomaDetect (undisclosed).