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RxAnte Closes Series A Financing
Date:9/12/2012

MCLEAN, Va., Sept. 12, 2012 /PRNewswire/ -- RxAnte, Inc., a health care improvement company providing a new and innovative approach for improving medication adherence, announced today that it has raised a Series A financing led by Aberdare Ventures with additional support from the West Health Investment Fund. The financing will be used to further develop RxAnte's proprietary technologies, commercialize its current offerings, and expand the company's impact on the quality of medication use.

"Adherence to prescribed medicine is a critical issue for a variety of health care organizations, and one of the biggest opportunities to improve health care," said Dr. Josh Benner, Founder and CEO of RxAnte. "RxAnte has pioneered a promising new approach to getting the right adherence interventions to the right patients at the right time. In collaboration with Aberdare and West Health, we're excited to expand our offerings and help more organizations achieve higher quality care at lower cost."

RxAnte uses its patent-pending analytics platform to predict medication adherence for individual patients, target interventions to those most likely to benefit, and monitor and manage programs over time. The RxAnte system reveals which patients respond best to interventions, helping organizations improve the cost-effectiveness of their adherence improvement efforts.

"We are elated to be teaming up with RxAnte," said Paul Klingenstein, Managing Partner at San Francisco-based Aberdare Ventures. "Drug adherence is a simple way to improve care for individuals and get more for our health care dollars. RxAnte has developed a set of superb data tools to accomplish these goals. It is exactly what our health care system needs, and the kind of thing we are trying to do at Aberdare."

RxAnte is currently working with major health plans, providers, care management organizations and pharmaceutical companies to help improve the effectiveness and efficiency of their adh
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SOURCE RxAnte, Inc.
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