SIRS-Lab Successfully Raises EURO 10M New Equity Capital to Introduce Its First Sepsis Diagnostic Tests to the Market



    SIRS-Lab, the innovation leader in molecular diagnostics for life
    threatening infections announced today that it has successfully raised
    EURO 10 million new equity capital led by Affentranger Associates
    alongside with bm-t Beteiligungsmanagement Thuringen and Swiss
    institutional investors. The company will use the funds to bring new
    molecular diagnostics to the market to enable fast identification and
    simple monitoring of sepsis often a deadly disease.

    As of today sepsis - also called blood poisoning - is the second
    most frequent cause of death in hospitals after cardio-vascular
    diseases. With about two million cases worldwide out of which
    approximately 50% die, sepsis remains one of the greatest and least
    publicly recognized challenges of the clinical medicine. SIRS-Lab is
    one of the pioneers that recognized the importance to identify very
    early the occurrence of sepsis as well as to monitor the evolution of
    the disease. The objective of the company is to dramatically improve
    the survival chances of the patients by providing to the clinicians
    with simple and non invasive tests to initiate efficacious therapeutic
    treatments rapidly.

    "Our financial investment and hands-on involvement in SIRS-Lab
    reflect our conviction in the strong added value of the tests
    developed by the company" said Nicolas Fulpius, Partner at
    Affentranger Associates "The fast democratization of the molecular
    diagnostic technologies combined with a high unmet medical need in
    sepsis, positions SIRS-Lab ideally to become one of the leading
    players in the multi-billion market of diagnostics for severe
    infections."

    SIRS-Lab has developed its highly innovative diagnostic programs
    in cooperation with the University Hospital Jena. Together, they have
    build up over years a worldwide unique bio-bank with clinical samples
    from hundreds of sepsis patients. Recently, SIRS-Lab has announced to
    have identified for the first time a robust and specific gene
    expression signature for sepsis that will serve as basis for one
    family of new diagnostic products. In addition, the company will
    leverage its unique and protected Pureprove(R) technology to bring
    fast and highly sensitive pathogen tests to the market.

    "With substantial new capital, SIRS-Lab is now ready to bring its
    first set of sepsis tests to the market very shortly" said Stefan
    Russwurm, CEO of SIRS-Lab "The combination of the scientific expertise
    of SIRS-Lab with the experience of Affentranger Associates in the
    development of high-growth companies will enable SIRS-Lab to reach the
    next level in terms of value creation."

    As result of this investment, Affentranger Associates and
    Beteiligungsmanagement Thuringen will be joining the Board of the
    Company.

    About SIRS-Lab GmbH

    Located in Jena (Germany), SIRS-Lab is a privately held diagnostic
    company developing unique and innovative products to identify and
    monitor life-threatening infections, one of the major causes of death
    in hospitals across the world. SIRS-Lab's vision is to support
    clinicians in their bedside decisions by providing them with fast and
    reliable high-performance point of care systems and thus, to improve
    therapeutic impact and reduce the mortality rate of patients.

    Founded in 2000 by S. Russwurm, K. Reinhart, E. Straube and H.-P.
    Saluz, SIRS-Lab employs today 25 people. The company has raised in the
    past EURO 15M in form of private investments and public grants.
    SIRS-Lab already commercializes Looxster(R), a sample preparation that
    isolates bacterial DNA from human DNA as well as gene-expression
    services and products (LabArraytor(R)).

    About Affentranger Associates SA

    Incorporated in 2002, Affentranger Associates is a Switzerland
    based business platform focused on the theme of value creation and
    active management. As principal investor, the company has the ambition
    to achieve sustainable long-term returns by investing a combination of
    management and capital in high-growth potential companies.
    Affentranger Associates has offices in Geneva and Zurich.

    About bm-t Beteiligungsmanagement Thuringen

    The bm-t, a daughter company of the Thuringer Aufbaubank, acts as
    the management company of four Thuringen dedicated investment funds,
    the TI - Thuringer Innovationsfonds, VCT - Venture Capital Thuringen,
    TIB - Thuringer Industriebeteiligungs and the PET - Private Equity
    Thuringen. As of today, the bm-t manages a portofolio of more than 40
    companies located in Thuringen (Germany) for a total of more than EURO
    130M under management.