Navigation Links
West Health Investment Fund invests in GlySens and RxAnte
Date:9/12/2012

SAN DIEGO, Sept. 12, 2012 /PRNewswire/ -- The West Health Investment Fund, West Health's fund focused on lowering health care costs, has announced it participated in the recent venture financings of GlySens, Inc. and RxAnte, Inc., two startup companies with innovative technologies that could lower the cost of health care. Financial terms of the investments were not disclosed.

(Photo:  http://photos.prnewswire.com/prnh/20120912/DC72771LOGO)

"Through targeted investments in companies focused in advancing cost-effective and cost-saving models of care, West Health can impact the cost of health care externally," said Nicholas J. Valeriani, chief executive of West Health. "These two innovative companies highlight the kinds of new approaches to diabetes treatment and medication adherence that have great potential to disrupt the current delivery model and lower the cost of health care."

San Diego-based GlySens is developing an implantable, long-term continuous glucose monitoring sensor designed to provide a wireless means to track glucose levels and improve the lives of people with diabetes. The sensor resides completely under the skin and transmits glucose measurements wirelessly to a convenient external display device, so patients may control their blood sugar levels more effectively. The American Diabetes Association reports that in the United States alone, diabetes and its complications are estimated to be responsible for more than $117 billion in direct medical costs.

Virginia-based 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. By using predictive analytics, RxAnte's service helps identify the most effective outreach method to ensure that patients take their medicines as directed by their health care professional.

"Patients get no benefit from drugs they do not take, complex regimens they cannot follow or care they cannot afford," said Dr. Joseph Smith, chief medical and science officer of West Health. "These investments reflect our commitment to increasing the efficiency of health care delivery while decreasing the burdens of complexity and cost."

The $100 million West Health Investment Fund was launched in October 2011 to provide venture capital for companies with cutting-edge health care technologies and services that offer the potential to lower the cost of health care.  The Fund is unique in its philanthropic nature as it commits any returns made from investments to medical research and other charitable activities.

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 West Health Investment Fund
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Nutrilys Del Mar Joins Health Forces With LAPD Underwater Dive Unit
2. Clinical Trial at Evergreen Healthcare Shows Intestinal Gel Reduces Symptoms of Advanced Parkinsons Disease
3. Netsmarts Focus on Innovation to Help Health and Human Service Providers Span the Spectrum of Care in the Healthcare 3.0 Environment
4. Qmed, the Leading Global MedTech Industry Resource, Partners with Clarimed, to Provide the Medical Manufacturing and Healthcare Industry with FDA Reports on Adverse Events
5. Attendees Save Up To $800 on Global Healthcare Conferences in 2012 by Registering Through Global Information Inc.
6. Auxilium Pharmaceuticals to Present at the Deutsche Bank 37th Annual Healthcare Conference
7. University of Maryland BioPark Announces MedImmunes Dr. Bahija Jallal as Newest Member of Board of Directors for UM Health Sciences Research Park
8. Genomic Health to Announce First Quarter 2012 Financial Results and Host Conference Call on Wednesday, May 2, 2012
9. Nearly 300 Medical Device, Healthcare Professionals Attend First National Conference on Value-driven Engineering
10. Varian Medical Systems and Siemens Healthcare Announce Global Collaboration to Advance Clinical Capabilities and Offerings in Radiotherapy and Radiosurgery
11. Med Ad News Honors Healthcare Communication Agencies at 23rd Annual Manny Awards
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... and SAN CLEMENTE, Calif. , June 24, 2016 ... mobile pulmonary function testing company, is now able to perform sophisticated ... by ndd Medical Technologies , Inc. Patients ... hospital-based labs.  Thanks to ndd,s EasyOne PRO ® , ARL patients ... get any needed testing done in the comfort of her own ...
(Date:6/24/2016)... , Belgium , June ... MKT: VNRX), today announced the appointment of Dr. ... of Directors as a Non-Executive Director, effective June ... Company,s Audit, Compensation and Nominations and Governance Committees.  ... Dr. Futcher will provide independent expertise and strategic ...
(Date:6/23/2016)... -- Any dentist who has made an implant supported denture ... of them do not even offer this as a viable ... costs involved. And those who ARE able to offer that ... cost that the majority of today,s patients would not be ... , founder of Dental Evolutions Inc. and inventor of Implanova ...
Breaking Medicine Technology:
(Date:6/26/2016)... ... , ... PawPaws brand pet supplements owned by Whole Health Supply ... health of felines. The formula is all-natural and is made from Chinese herbs that ... Cat Kidney Support Supplement Soft Chews are Astragalus Root Extract and Rehmannia Root ...
(Date:6/25/2016)... ... , ... The temporary closing of Bruton Memorial Library on June 21 due to a possible ... often overlooked aspect of head lice: the parasite’s ability to live away from a human ... but a necessary one in the event that lice have simply gotten out of control. ...
(Date:6/25/2016)... ... ... Friday, June 10, Van Mitchell, Secretary of the Maryland Department of Health and Mental ... exemplary accomplishments in worksite health promotion. , The Wellness at Work Awards took place ... BWI Marriott in Linthicum Heights. iHire was one of 42 businesses to receive an ...
(Date:6/24/2016)... PASADENA, CA (PRWEB) , ... June 24, 2016 , ... Marcy was in a crisis. ... he would lash out at his family verbally and physically. , “When something upset him, ... table, he would use it. He would throw rocks at my other children and say ...
(Date:6/24/2016)... ... ... BioMedics, Inc, makers of Topricin and MyPainAway Pain Relief Products, join The ‘Business for a ... an hour by 2020 and then adjusting it yearly to increase at the same rate ... assure the wage floor does not erode again, and make future increases more predictable. , ...
Breaking Medicine News(10 mins):