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Good Start Genetics Announces $14M Series B Financing, Expands Senior Management Team
Date:4/2/2012

CAMBRIDGE, Mass., April 2, 2012 /PRNewswire/ -- Good Start Genetics,™ Inc., an innovative molecular diagnostics company developing the new gold standard in carrier screening, today announced it completed the initial closing of a $14 million Series B Preferred Stock financing, which was led by existing investors OrbiMed Advisors, Safeguard Scientifics, Inc. (NYSE: SFE) and SV Life Sciences. Proceeds from this financing will be used to augment commercial efforts for the Company's pre-conception carrier screening tests, and to support continued R&D efforts around its proprietary technology platform for future applications.

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Don Hardison, President and CEO of Good Start Genetics, says, "We are pleased to complete the initial closing of our second financing as it provides the necessary funding to position Good Start Genetics for the next phase of growth. We value the vote of confidence and continued support from our current stockholders and are fortunate to have such a supportive group of world-class investors on our side."

NEW HIRES
As part of Good Start Genetics' growth and commercialization initiatives, the company has expanded its senior management team in areas of Finance, Human Resources as well as Customer Care and Reimbursement

  • Chief Financial Officer — Jean Franchi has more than 20 years of experience in specialty pharmaceutical, biotech, and diag
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SOURCE Good Start Genetics, Inc.
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