Navigation Links
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 accuracy. Major medical centers, reference labs, government institutions and community hospitals throughout the United States, Europe and Asia rely on AdvanDx products as integral parts of their medical care.

For more information visit www.AdvanDx.com

About Scandinavian Life Science Venture

SLS Venture, an international venture capital company with a Scandinavian base is one of the largest in Scandinavia focusing on the life sciences sector with approximately euro 270 million under management. SLS Venture has invested in 36 pharmaceutical, medtech and biotech companies to date. Portfolio companies include Aerocrine, Exiqon, Symphogen, Light Sciences Oncology and NeuroNova.

For more information, please visit www.slsventure.com

About LD Pensions

LD Pensions is one of Denmark's largest pension funds with more than US$10 billion under management. LD Pensions has a long-term and highly selective investment strategy. Investments made in unlisted companies are based on a fundamental analysis of the opportunity with an objective to hold the investment for a minimum of 3-5 years in order to position the company for a strategic sale or stock exchange listing. It is important for LD Pensions to demonstrate a high discipline of active ownership with respect to corporate governance, information policy and the ability to meet the requirements and expectations from the surrounding society in terms of responsible environmental management and social responsibility.

For more information please visit www.ld.dk

PN1674A


'/>"/>
SOURCE AdvanDx
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. AdvanDx Receives FDA 510(k) Clearance for GBS PNA FISH(R) for Rapid Detection of Group B Strep from Lim Broths
2. AdvanDx Receives FDA 510(k) Clearance for EK/P. aeruginosa PNA FISH(R)
3. HeartWare International, Inc. Closes US$60 Million Financing
4. Emdeon Closes The Sentinel Group Acquisition, Implements First Customer in Less than 30 Days
5. Croff Enterprises, Inc. Closes Merger and Will Change Name to Americas Minority Health Network, Inc.
6. Paradigm Spine Closes $21.5 Million Financing and Announces Promotion of Matt Stuttle to Position of Vice President, US Sales
7. Cardiorobotics Closes $11.6M Series A Financing to Advance Clinical Development of Snake Robot for Surgery
8. Providence Service Corporation to Report Second Quarter 2009 Results on Monday, August 10th After the Market Closes
9. SecureWorks Closes Acquisition of VeriSigns Managed Security Services Business
10. BioMed Realty Trust Closes New $18 Million Secured Loan
11. I-Therapeutix, Inc. Closes $15 Million Financing
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/24/2016)... CO (PRWEB) , ... May ... ... official announcement of Essette Dashboard, its highly anticipated, web-based software module. The ... platform. The application’s “secret sauce”? Integration with Izenda’s self-service business intelligence solution ...
(Date:5/23/2016)... NY (PRWEB) , ... May 23, 2016 , ... On ... Ferdico took the time to summarize the weight loss process: , New patients have ... Body Composition Analysis (BCA) to get accurately evaluated. , Body Composition Analysis, There are ...
(Date:5/23/2016)... ... 23, 2016 , ... Researchers can find themselves in a state of semi-autopilot ... this technique may yield big benefits. Scientists might be surprised to learn how acquiring ... culture laboratory—and lessen the risk of contamination when working with eukaryotic cells. , Eppendorf ...
(Date:5/23/2016)... (PRWEB) , ... May 23, 2016 , ... ... doctors and patients to provide information about cosmetic procedures, began updating their library ... to rewrite each of their published articles in order to feature the latest ...
(Date:5/23/2016)... ... May 23, 2016 , ... ... Chesterfield, Missouri, campus, Standard Process Inc. awarded $6,000 in chiropractic scholarships. ... Chloe Tillman. Each student is in her fifth trimester of classes at Logan. ...
Breaking Medicine News(10 mins):
(Date:5/19/2016)... PUNE, India , May 19, 2016 ... for Pancreatic Cancer, 2016-2017, G7 Countries, (U.S., Germany ... , Spain , and Japan ... 76.7 Million by 2021, at a CAGR of 13.9% from 2016 ... Browse 14 market data Tables spread through 26 ...
(Date:5/19/2016)... AVIV, Israel , May 19, 2016 ... or the "Company"), an emerging global ophthalmic company focused ... product candidates which address ophthalmic conditions, announced today that ... Italy ) for the manufacturing, distribution, ... product for the treatment of dry eye syndrome (DES) ...
(Date:5/19/2016)... 2016 At the 18 th ... Amsterdam , (May 15-19), Elekta announced that ... system available, has been used in the treatment of ... vascular malformations and functional disorders. Today, Gamma ... every year in hundreds of leading hospitals and clinics ...
Breaking Medicine Technology: