BANGALORE, February 11, 2013 /PRNewswire/ --
Genomics Towards Precision Medicine
Today, Strand Life Sciences announced that San Francisco-based Burrill & Company has completed a Series B round of financing in the Bangalore, India-based company.
Burrill & Company, a diversified global financial services firm focused on the life science industry, is the sole investor in this round. The financing included both a primary investment into Strand Life Sciences and a secondary buy-out of the lead Series A investors.
The proceeds of the financing of the Series B is to accelerate the growth of the company's evolution into precision diagnostics in healthcare and expand Strand's reach into global markets. Strand will leverage its expertise in genomics and analytics that it has developed over a decade. In taking its technology platforms from bench to bedside, Strand is uniquely positioned to bring the power of high precision genomic measurement methods such a Next Generation Sequencing (NGS) to applications in screening and identification of diseases with genetic-basis and in precisely classifying cancer types to personalize therapy and care.
Speaking on the occasion, Dr. Vijay Chandru , the Founder, Chairman and CEO, Strand Life Sciences, said that the company is delighted that the world's premier investment fund in the life sciences industry chose to support Strand. This investment will help Strand realize the true potential of its proven strengths in data science and multi-disciplinary bench analytics by taking them into the clinic.
Mr. David Wetherell , President and Chief Operating Officer, Burrill Healthcare Venture and Private Equity Funds, said, "We are particularly pleased to be making this investment in Strand Life Sciences. Strand is strongly p
|SOURCE Strand Life Sciences |
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