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Novaerus gets $10M in funding for airborne pathogen control technology

November 19, 2014
by Pamela Tabar, Editor-in-Chief
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Chicago-based Novaerus, developer of airborne pathogen control technology designed for long-term care environments, has received $10 million in funding through investment partnerships with Polaris Partners, a global healthcare technology venture capital firm, and Fidelity Biosciences, Cambridge, Mass., a health/medical subsidiary of Fidelity Investments.

Novaerus’ air sterilization system uses plasma barriers to scrub out bacteria, mold and allergens from the air, a technology that has shown to be effective in controlling Norovirus, influenza and Methicillin-resistant Staphylococcus aureus, along with other pathogens that can spread rapidly through nursing home environments.

"Infection control is a critical issue facing the senior care market," said Jon Lim, principal at Fidelity Biosciences, in a press release announcing the deal. "Novaerus’  breakthrough technology is a unique and compelling solution to reduce airborne pathogens and keep medical costs down in these facilities."

Added Bill McCabe, chairman and chief executive officer of Novaerus: "This investment will allow us to capture greater share in the long-term care market, while also establishing our position in adjacent healthcare markets."