MedicQuant, an EIC Accelerator Winner, Tests Stroke Blood Thinners
When a stroke patient arrives on a direct oral anticoagulant, the doctors face a question they often cannot answer in time: how much of the drug is still in the blood. The answer decides whether clot-dissolving thrombolysis can be given, and the CORDIS summary of MedicQuant's EIC project says conventional laboratory tests take more than 40 minutes. MedicQuant ApS, an Aarhus University spin-out, says its cartridge and benchtop reader give a drug concentration from whole blood in under ten minutes, without sample preparation.
The European Innovation Council put the company on its list of 38 companies selected for EIC Accelerator funding, published on 15 June 2026, as the only Danish name and with blended finance recommended. CORDIS records a grant agreement signed on 28 September 2026 for €2,494,930, running from 1 October 2026 to 30 September 2028. The project is a month old, so this article sets out what was promised and what can already be checked.
Company file
- Legal entity
- MedicQuant ApS, CVR 40732829, Palle Juul-Jensens Boulevard 82, Aarhus N
- Registered
- 22 August 2019, status normal
- Founders
- Line Debois Frejlev Nielsen (CEO), Malthe Hansen-Bruhn (CTO), Professor Kurt Gothelf
- Board chair
- Kevin Leig Bengtsson
- Registered owners include
- EIFO, Delphinus Venture Capital, Den Midtjyske Iværksætterfond, Debois ApS, Bruhn Initiative ApS, Gothelf ApS
- Product
- Single-use cartridge and benchtop reader; first assay for apixaban
- EIC project
- MedicQuant, agreement 101331252, October 2026 to September 2028
Why a drug level matters in a stroke
Direct oral anticoagulants (DOACs) such as apixaban, rivaroxaban and dabigatran prevent clots, and for a patient having an ischaemic stroke they create a dilemma. The project summary states that thrombolysis cannot be given if DOAC concentrations are too high, because of the risk of fatal bleeding in the brain, and that every 15 minutes of delay raises mortality by 4% and severe disability by 7%. Those are the company's figures in its application.
The clinical ground is also moving. A cohort study of 832 stroke patients who had taken a DOAC within 48 hours and still received thrombolysis, published in JAMA Neurology in 2023, found a lower rate of symptomatic brain haemorrhage than in controls and, in the authors' words as summarised by GPnotebook, insufficient evidence of excess harm in selected patients. If stroke guidelines relax on DOACs, a fast drug level becomes a tool for selecting patients rather than a precondition for treating them. MedicQuant's own target, in CORDIS, is to have its test written into EU and US stroke guidelines by 2030.
How the test works
The platform comes out of the laboratory of Kurt Gothelf at iNANO, Aarhus University, and the company says it rests on more than eleven years of DNA nanotechnology research. According to MedicQuant's website, a drop of blood runs through a separation filter onto a glass-fibre strip carrying two dried reagents; the reader then excites one of two fluorescent dyes and compares the light emitted by both to estimate the drug concentration. The company calls the format a flow-front immunoassay and says the method is patent-pending.
That separates it from the two established routes. Laboratory anti-Xa assays and mass spectrometry, the reference methods in the studies cited here, run on plasma in a central laboratory. A urine DOAC dipstick is quicker but answers a narrower question: in a single-centre study of 101 stroke patients in Giessen, published in December 2025, it detected anticoagulant activity above 30 ng/mL with 100% sensitivity, in a median of 19 minutes against 144 minutes for blood anti-Xa testing. MedicQuant's pitch is a number, not a yes or no, from blood drawn at the bedside.
Minutes to an answer
The race is against a laboratory test that takes over 40 minutes
MedicQuant's figures are its own claims from the CORDIS summary. The urine dipstick and laboratory anti-Xa medians come from a single-centre stroke study in Giessen, so the bars are not a head-to-head comparison.
CORDIS 101331252 (MedicQuant claims); UPTURN study, Research and Practice in Thrombosis and Haemostasis, 29 December 2025 (measured medians).
What has been published
Two pieces of evidence are public. An abstract for the European Stroke Organisation Conference 2026, printed in the European Stroke Journal in May 2026 with outside researchers and three MedicQuant staff among the authors, compared the platform with calibrated anti-Xa testing against mass spectrometry in patients on apixaban. It concluded that quantification up to 200 ng/mL is feasible and comparable, and stated that "validation studies in emergency settings are required." The samples were centrifuged plasma, not the whole blood the product is designed for, and the page does not give the number of patients.
The company's website lists a paper in ACS Sensors, published on 2 July 2026, describing the system for small-molecule drugs in blood. The full text could not be retrieved for this article. Beyond that, the CORDIS summary says usability studies were run at Bispebjerg Hospital in Copenhagen and University College London, that large-scale testing took place at University Hospital Tübingen, and that an instrument is already in use at Bispebjerg. No independent report of the Bispebjerg installation was found.
"Validation studies in emergency settings are required."
Authors of the ESOC 2026 abstract on MedicQuant's apixaban test, European Stroke Journal, May 2026The money behind it
MedicQuant has been financed in small steps. Aarhus University reported in May 2023 that the company had raised more than DKK 12 million, most of it from the Danish Growth Fund. The same year, CORDIS records a €75,000 Women TechEU action from July 2023 to June 2024 to build a market access strategy and prepare for venture fundraising. Nordic9 reported on 21 February 2026 a DKK 22 million seed round led by Delphinus Venture Capital with EIFO, and TechSavvy repeated the figure when it covered the EIC award. The register lists Delphinus Venture Capital K/S and EIFO among the legal owners.
The filed accounts, as shown by eStatistik and FirmaAPI, show equity rising from minus DKK 122,000 at the end of 2022 to DKK 11.2 million at the end of 2023, then drifting down to DKK 10.0 million at the end of 2025 on annual losses between DKK 0.5 and 0.9 million. No revenue figure is published in the register data. The 2026 seed round and the EIC grant fall after the last filed year.
The balance sheet
Equity jumped in 2023 and has been drawn down slowly since
Equity at the end of each financial year in DKK thousands. The 2023 jump follows the more than DKK 12 million raise Aarhus University reported that May; the 2026 seed round falls after the last filed accounts.
Danish company register, CVR 40732829, figures via estatistik.dk and firmaapi.dk.
The annual result
Losses below DKK 1 million a year
Net result after tax in DKK thousands. The register data show gross profit but no revenue figure, so the result says nothing about sales.
Danish company register, CVR 40732829, figures via estatistik.dk and firmaapi.dk.
TechSavvy reported that the blended-finance award includes the option of up to €4 million of equity from the EIC Fund at a later date. No EIC Fund investment in MedicQuant has been announced, and CORDIS records only the grant.
What the EIC is paying for
The project's stated aim is to develop and clinically validate the apixaban test. By 2030, the company tells CORDIS, it wants its test in EU and US stroke guidelines, €37 million of revenue and a 41-person team, before moving to other DOAC emergencies and to antibiotics, anticancer drugs and immunosuppressants. Every one of those is a target, not a result.
What the company says
Lab-grade accuracy from whole blood in under ten minutes, an instrument in hospital use, guideline inclusion and €37 million revenue by 2030.
What the record shows
A plasma study in apixaban patients with comparable results up to 200 ng/mL, a journal paper, 11 staff, about DKK 10 million of equity at the end of 2025 and a signed EIC grant. No CE mark, no announced customer and no emergency-room validation.
- Working whole-blood prototypeShownCartridge and reader described on the company site; the published abstract used centrifuged plasma.
- Accuracy against laboratory methodsEarly dataComparable to calibrated anti-Xa up to 200 ng/mL in the ESOC 2026 abstract, co-written by company staff.
- Clinical validation in stroke careNot yetThe aim of the grant, which started on 1 October 2026.
- CE marking under the IVD RegulationNot announcedNo certificate or clearance appears on the company website.
Where it fits in EU policy
An in vitro diagnostic of this kind has to be certified under the EU's IVD Regulation before it can be sold, and the company lists a director of quality assurance and regulatory affairs on its team page. CORDIS places the project under the EIC Accelerator's open topic rather than a strategic challenge. The project's case is clinical rather than industrial: faster treatment decisions in stroke, where the project's own figures put the cost of each 15-minute delay in lives and disability.
The record
Seven years from an Aarhus laboratory to a signed EIC grant
MedicQuant has moved from university research to a whole-blood test with a published accuracy study, but no regulatory approval has been announced.
- Aug 2019Company registeredMedicQuant ApS registered in Aarhus as a spin-out of iNANO and the Department of Chemistry at Aarhus University
- May 2023First outside capitalAarhus University reports more than DKK 12 million raised, most of it from the Danish Growth FundDKK 12M+
- Jul 2023Women TechEUOne-year EU support action to prepare market access and fundraising€75,000
- Feb 2026Seed roundLed by Delphinus Venture Capital with EIFO, as reported by Nordic9DKK 22M
- May 2026Apixaban study abstractESOC 2026 abstract, co-written with outside researchers, reports results comparable to calibrated anti-Xa up to 200 ng/mL
- Jun 2026EIC selectionListed among 38 companies selected for EIC Accelerator funding, blended finance
- Oct 2026EIC project startsTwo-year grant to develop and clinically validate the DOAC test€2.49M
- Sep 2028EIC project endsScheduled end of the grant agreementScheduled
Company register via estatistik.dk and firmaapi.dk; Aarhus University, 3 May 2023; CORDIS 101114385 and 101331252; Nordic9, 21 February 2026; EIC, 15 June 2026; European Stroke Journal, May 2026; medicquant.com.
As of November 2026 the company is active: the register shows it as normal with 11 employees, the website reports appearances at the German stroke congress and a regulatory event in September 2026, and it says it is raising a second equity round.
Verdict
MedicQuant has done the slow early part: a measurement method out of a university lab, a reader and cartridge, an apixaban study with stroke clinicians and enough venture money to keep going. The EIC grant pays for the step that decides whether the product matters, validation in real emergency settings and then certification. Until those results exist, the ten-minute claim is the company's own, and clinical practice may shift while the test is being proven.
The reporting is based on publicly available sources, listed below.
Sources
- CORDIS, MedicQuant: Novel Point-of-Care Platform for Accurate DOAC Quantification, project 101331252
- CORDIS, Commercial maturation of MedicQuant, Women TechEU project 101114385
- European Innovation Council, 38 start-ups and SMEs secure EIC support, 15 June 2026
- European Innovation Council, EIC Accelerator 2026, 1st and 2nd batch, list of selected companies
- MedicQuant, company website
- Aarhus University, spin-out profile of MedicQuant
- Aarhus University, Entrepreneurs from iNANO receive DKK 12m to revolutionise stroke treatment, 3 May 2023
- Nordic9, MedicQuant seed round with Delphinus Venture Capital, 21 February 2026
- TechSavvy, Danish medtech startup selected for major EU program, 2026
- eStatistik, MedicQuant ApS, CVR 40732829, key figures
- FirmaAPI, MedicQuant ApS, owners, management and accounts
- Quantitative point-of-care testing in patients treated with apixaban, ESOC 2026 abstract, European Stroke Journal, May 2026
- Urine-based point-of-care detection of DOAC activity in acute stroke, Research and Practice in Thrombosis and Haemostasis, December 2025
- Meinel et al., Intravenous thrombolysis in patients with ischemic stroke and recent ingestion of DOACs, JAMA Neurology, 2023
- GPnotebook, summary of Meinel et al.
Industry
HealthIn vitro diagnostics
- Focus
- Point-of-care tests
- Immunoassays
- Technologies
- Biosensors
- Optical sensing
- Keywords
- Stroke
- Direct oral anticoagulants
- Thrombolytics
- Emergency medicine
- Haematology