"Multiplex molecular assays are becoming extremely important for the practice of medicine," said Vincent J. Miles, Ph.D, Venture Partner with Abingworth. "We believe that Primera's ingenious technology represents the most viable solution for highly multiplexed quantitative real-time PCR, the gold standard for accurate results in molecular diagnostic tests, and will have a major impact on testing procedures in the company's target markets."
Primera's new Board of Directors will be led by Laurence McCarthy as Executive Chairman and will include Martin Verhoef, President and CEO; Michael Bigham and Vincent Miles, Abingworth; Nina Kjellson, Interwest; Azlin Alias, Malaysian Technology Development Corporation and Kazumi Shiosaki (co-founder), MPM Capital.
Abingworth is an investment firm dedicated to the life sciences sector on both sides of the Atlantic. The company invests across all stages of development, including early-stage as well as public companies. Abingworth has provided backing for more than 100 unquoted life science businesses. Over 70% of these have gone public or have merged or been acquired. Abingworth has funds under management of more than $1.25 billion. Founded in 1973, Abingworth has offices in London, Cambridge (UK), Menlo Park (California) and Boston. More information can be found at http://www.abingworth.com.
About InterWest Partners
Investing since 1979, InterWest Partners is a leading diversified
venture capital firm curren
|SOURCE Primera Biosystems, Inc.|
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