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Remedy Informatics Announces Growth Capital Investment from Merck Global Health Innovation Fund
Date:11/13/2012

SALT LAKE CITY, Nov. 13, 2012 /PRNewswire/ -- Remedy Informatics, Inc., the leader in registries for healthcare and life science research, announced today that the Merck Global Health Innovation Fund (GHIF) has made an investment of growth capital in the company. The investment of roughly $6 million includes a seat on Remedy's Board of Directors and the opportunity for additional investments in the future.

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"In the past year we've experienced unprecedented demand for our registries and integrated research management systems. This additional capital will fuel our growth here in the U.S. and our expansion into Europe and Latin America," said Gary Kennedy, Founder & CEO of Remedy Informatics. "In addition it will enable us to continue to invest in our Mosaic™ Platform so that we can further extend our technology lead in the marketplace."

Remedy serves a wide range of leading life science and healthcare institutions across the globe. During the last 12 months Remedy has entered into a series of major new customer engagements, including Cleveland Clinic's Heart and Vascular Institute, Massachusetts General Hospital, Baylor Health Care System, Princess Margaret Cancer Centre in Toronto, Indiana University and the Indiana Clinical and Translational Science Institute, Genentech and many others. Remedy's Investigate™ integrated research management system provides game-changing new capabilities for researchers in translational science by integrating data flows and analytics across the lab, clinic and biobank settings. Remedy has also deployed powerful new clinical registries like ComprehensiveOncology™ (suite of solid tumor and blood cancer registries),
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SOURCE Remedy Informatics, Inc.
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