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AdvanDx Closes $8 Million Financing Round and Elects New Board Member
Date:8/18/2009

WOBURN, Mass. and VEDBAEK, Denmark, Aug. 18 /PRNewswire/ -- AdvanDx today announced it has closed another $8 million in financing from existing stockholders, SLS Venture and LD Pensions. The additional investment is part of a series C round of financing, the first part of which was closed in September 2007, and will be used to fund the expansion of AdvanDx's molecular diagnostics product offering as well as its international sales and marketing activities.

In addition to the financing, stockholders elected Tina W. Christensen to AdvanDx board of directors. Ms. Christensen is a Vice President and CFO at the Danish health insurance company "danmark" which specializes in providing 2 million Danish citizens with supplemental health insurance to the Danish National Health Service.

"We continue to see increased adoption of our clinical diagnostic products and this latest financing will enable us to add new tests to our product portfolio and to continue to expand our customer base. We greatly appreciate our investors' strong commitment to AdvanDx and our future," said Thais T. Johansen, President and CEO of AdvanDx. "We also very much look forward to Tina W. Christensen's participation on our board of directors and the experience she brings from the health care and health insurance industry," Johansen continued.

About AdvanDx

AdvanDx is a leading provider of advanced molecular diagnostic products for the prevention, diagnosis and treatment of life-threatening, bacterial infections. AdvanDx's easy-to-use products provide fast and accurate results that enable dramatic improvements in patient care and help to save lives and reduce hospital costs.

AdvanDx's products employ standard laboratory techniques and equipment to reduce startup, implementation, technician and maintenance time, while providing fast results without sacrificing
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SOURCE AdvanDx
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