Bilzin Sumberg Represents NOWDiagnostics, Inc. in $22.5 Million Series B Funding

Miami, FL – Bilzin Sumberg is pleased to have represented NOWDiagnostics, Inc., a developer of over-the-counter (OTC) and point-of-care (POC) diagnostic tests, in its $22.5 million Series B capital raising round. NOWDiagnostics announced that this oversubscribed funding round was led by DigitalDx Ventures, with notable investors including the Labcorp Venture Fund and Kompass Kapital Management.

The team at Bilzin Sumberg was led by David Seifer, the firm’s Practice Group Leader – Corporate & Finance. The team at Bilzin Sumberg also included Corporate Partner Erin Stafford and Corporate Associates Doug Aguililla and John Trach. The team at Bilzin Sumberg has extensive experience representing life sciences and technology companies in all aspects of their business, including capital raising, commercialization transactions, and mergers and acquisitions.

NOWDiagnostics was founded to provide accurate, accessible, and affordable diagnostic testing for at-home use. The company’s First To Know® Syphilis OTC test is undergoing De Novo review by the U.S. Food and Drug Administration (FDA). First To Know® has the potential to be the first and only rapid syphilis test in the U.S. that provides an at-home result in minutes. In addition to the syphilis test, NOWDiagnostics has over 30 diagnostic tests in the clinical research pipeline that have the potential to provide accurate results in minutes. With over 75 patents issued and pending, NOWDiagnostics’ innovative approach allows virtually any immunological assay to be accurately performed in one step using a small amount of capillary blood, yielding results in minutes. Their platforms also include saliva and plasma test technologies, enabling next-generation rapid testing at home without needing a blood draw or throat swab. These innovations enhance accessibility and ensure that individuals can quickly and confidently take the necessary steps for their health and well-being in the privacy of their homes.

About Bilzin Sumberg
Bilzin Sumberg counsels clients whose business and legal opportunities and challenges span the United States, Canada, Europe, Latin America, the Middle East, and Asia.  The firm's growth has paralleled that of its Miami home base, a region known for its rich cultural, social, and professional diversity.  Bilzin Sumberg stands at the center of virtually every major transaction shaping Florida and is at the forefront of the state’s most pressing economic issues – from infrastructure, transit and mobility, to affordability and the diversification of the state’s economy.  Bilzin Sumberg lawyers concentrate on services at the heart of both regional and international commerce, including corporate and securities, finance, joint ventures, real estate, land development and government relations, environmental, construction, domestic and international tax and private wealth planning, antitrust, business litigation, and public-private partnerships.  For more information, please visit bilzin.com.