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Riverside Partners Invests in BioAgilytix Labs
Date:6/4/2013

BOSTON and DURHAM, N.C., June 4, 2013 /PRNewswire/ -- Riverside Partners, a Boston-based private equity firm, is pleased to announce that it has completed an investment in BioAgilytix Labs  ("BioAgilytix"), a leading contract bioanalytical laboratory specializing in large molecule biologic drugs. Riverside Partners' investment was completed in partnership with the BioAgilytix Founders and management team.

Headquartered in Research Triangle Park, North Carolina, BioAgilytix provides outsourced laboratory services to customers within the pharmaceutical, biotechnology, and agriculture industries. By developing, optimizing and conducting bioanalytic testing, the Company offers its customers a high-quality outsourcing option, which supports drug discovery, pre-clinical and clinical development, and manufacturing.

"The BioAgilytix team is very excited work with Riverside Partners.  The Riverside team has a great understanding of how to scale a pharmaceutical services business, and the two organizations have a very strong cultural fit," said Jim Petrilla , Co-Founder and CEO of BioAgilytix.

"Co-Founders Jim Petrilla and Dr. Afshin Safavi have built a terrific business focused on supporting large molecule drug development, a very exciting area within the pharmaceutical and biotechnology industries.  Riverside Partners is looking forward to utilizing our deep healthcare experience to help accelerate the Company's growth," said Philip Borden , General Partner at Riverside Partners. 

About BioAgilytix Labs

BioAgilytix Labs is a specialized bioanalytical testing laboratory focused on large molecule bioanalysis for the pharmaceutical, biotechnology and agriculture industries. BioAgilytix Lab's mission is to provide outs
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SOURCE Riverside Partners
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