Axim Biotech

Axim Biotech

AXIM
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Private Company

Total funding raised: $44.5M

Market Cap: $1.9MFounded: 2014Employees: 1-10HQ: New York, United States

Overview

AXIM Biotechnologies is a diagnostic-focused R&D company with a mission to improve patient lives through rapid, in-clinic testing solutions. The company has achieved commercial validation with two FDA-cleared ophthalmological diagnostics and is leveraging its integrated platform to diversify into early cancer detection and cannabinoid research. Its strategy combines direct commercialization, strategic alliances, and a client-focused diagnostic development service to address unmet needs in multiple therapeutic areas.

OphthalmologyOncologyCannabinoids

Technology Platform

A vertically integrated R&D platform for developing rapid, quantitative, point-of-care lateral flow diagnostic tests, with capabilities extending to biomarker discovery, assay design, and formulation chemistry.

Funding History

5
Total raised:$44.5M
Series B$20M
Series A$10M
Series A$10M
Seed$2.5M

Opportunities

Large and growing markets in dry eye disease (344M patients globally) and point-of-care diagnostics.
Diversification into early cancer detection and cannabinoid R&D offers significant optionality.
Strategic distribution agreements provide capital-efficient international expansion.

Risk Factors

Micro-cap OTC status creates capital access and liquidity challenges.
Commercial success depends on changing clinical practice for dry eye diagnosis.
Early-stage oncology and cannabinoid programs carry high technical and regulatory risk.

Competitive Landscape

Competes in ocular Dx with TearLab and QuidelOrtho, differentiated by quantitative lactoferrin testing. Faces intense competition in broader POC Dx from giants like Abbott and Roche. Early IP and niche focus are key competitive advantages.

Company Timeline

2014Founded

Founded in New York, United States

2016Series A

Series A: $10.0M

2018Series B

Series B: $20.0M