Navigation Links
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 adherence efforts.

"Through targeted investments in companies focused in advancing cost-effective models of care, West Health can impact the cost of health care externally," said Nicholas J. Valeriani, chief executive of San Diego-based West Health. "RxAnte highlights the kinds of new approaches to medication adherence that have great potential to disrupt the current delivery model and lower the cost of health care."

About RxAnte
RxAnte is a health care improvement company that provides a new and innovative approach for driving medication adherence by helping organizations target, manage, and evaluate their adherence support initiatives. The company's patent-pending predictive analytics and decision support solutions turn ordinary claims data into actionable insights and management recommendations that help health care organizations deliver the right intervention to the right patient at the right time. For more information, please visit www.rxante.com.

About Aberdare Ventures
Formed in 1999, Aberdare Ventures is a San Francisco-based venture capital firm investing in health care innovation, often at the earliest stages. Aberdare invests in visionary entrepreneurs and technologies that are transforming global inefficiencies in health care with new biological, engineering, and information technologies. Eight investment professionals oversee a committed capital base in excess of $400 million in aggregate. The firm has attracted and partnered with many superior early stage companies, repeatedly backing start-up enterprises that have grown to values exceeding $1 billion.

Historical successes have included Pharmion, Ironwood Pharmaceuticals, and Ablation Frontiers. More recently, Aberdare has been among the first to focus on the transformational opportunities created at the intersection of emerging information technologies with health care, and has established a leadership position in this ecosystem. In addition to the investment in RxAnte, existing commitments to Aviir, Clovis Oncology, Elation EMR, goBalto, Jiff, Omada Health, mc10, and Sonitus reflect this strategy.

About the West Health Investment Fund
The West Health Investment Fund's mission is to lower health care costs by investing in innovative patient-centered solutions that deliver the right care at the right place at the right time. This fund, seeded with $100 million from pioneering philanthropists Gary and Mary West, strategically provides capital to early stage mission-aligned companies.  The Investment Fund is unique in its philanthropic nature as it commits any returns made from investments to medical research and other charitable activities.  The West Health Investment Fund is part of West Health, which also includes the West Health Institute, West Health Policy Center, and West Health Incubator. For more information, find us at www.westhealth.org and follow us @westhealth


'/>"/>
SOURCE RxAnte, Inc.
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. West Health Investment Fund invests in GlySens and RxAnte
2. Aethlon Medical Discloses MD Anderson Cancer Center Presentation
3. Intercept Pharmaceuticals Closes $30 Million Series C Financing
4. Solta Medical, Inc. Closes Public Offering of Common Stock
5. Chiasma Closes $38.5 Million Equity Financing
6. PTC Therapeutics Closes $30 Million Financing
7. BONESUPPORT Closes Second Tranche of Funding
8. Igenica Closes $33 Million in Series C Funding
9. C8 MediSensors Closes $19 million Preferred Stock Financing
10. Boston Scientific Closes Cameron Health Acquisition
11. Stereotaxis Closes $18.5 Million Private Placement Financings
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/23/2017)... Research and Markets has announced the addition ... Forecast to 2025" report to their offering. ... The Global Cryostat Market is ... next decade to reach approximately $3.5 billion by 2025. ... the given segments on global as well as regional levels presented ...
(Date:3/23/2017)... N.C. , March 23, 2017  Transportation Insight, ... as an end-to-end supply chain management firm with expertise ... Consumer Product Solutions Rick Zaffarano was named ... of the Supply Chain by the only publication exclusively ... global food supply chain. "Rick has brought ...
(Date:3/23/2017)... , March 23, 2017  The U.S. Food and ... for the treatment of adults and pediatric patients 12 ... including those who have not received prior chemotherapy. This ... rare, aggressive form of skin cancer. "While ... patients with a rare form called Merkel cell cancer ...
Breaking Medicine Technology:
(Date:3/24/2017)... ... March 24, 2017 , ... ... its innovative EcoQube Frame vertical micro-veggies garden on Kickstarter . Surpassing the ... product – with nearly 2,000 consumers (and counting) already backing the campaign. ...
(Date:3/24/2017)... CA (PRWEB) , ... March 24, 2017 , ... ... on two panels at the Advanced ERISA Benefit Claims Litigation seminar in Chicago, ... Creating the Administrative Record, The majority of cases litigated under ERISA involve claims ...
(Date:3/24/2017)... ... March 24, 2017 , ... Gastro Health (“GH”) ... prep patients for colonoscopy at the HyGIeaCare® Center that is to be located ... , The HyGIeaCare® Prep, cleared by the U.S. Food and Drug ...
(Date:3/24/2017)... ... March 24, 2017 , ... “Finding Christ Through Social ... devotional journal chronicling the writer’s path toward true communion with God. “Finding Christ ... #TruthwithGrace” is the creation of published author Lea Michelle Johnson, a follower of ...
(Date:3/24/2017)... ... March 24, 2017 , ... “The Communion of Saints: A ... God in congregations across the United States. “The Communion of Saints” is ... who has served congregations in seven states throughout his long career of devotion ...
Breaking Medicine News(10 mins):