Oxford Biosensors closes second round

Nov. 20, 2002 — Oxford Biosensors Ltd., a developer of medical diagnostic tools based in Kidlington, England, closed a second round of funding for approximately $6 million, according to a news release. The funds were provided by a consortium of international investors led by Mitsui & Co.

The funds will let the company move from product development into manufacturing and commercialization. Specifically, the funds will be used to purchase capital equipment and provide working capital for the company’s manufacturing facility. Oxford Biosensors was founded in 2000 and is a spinout of the University of Oxford.


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