InforInformedDNA, the nation's largest genetic testing provider, has been invested
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Last Update: 2021-03-01
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Source: Internet
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Author: User
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, the nation's largest gene-testing provider, announced that it had reached agreements with TT Capital Partners, NovaQuest Capital Management and Frist Cressey Ventures for growth capital investments. InformedDNA will continue to expand its technical support for genetic expert services and expand its advisory team with investment funds.InformedDNA is the authority on genetic testing. The company leverages the expertise of full-time laboratory-independent employees and committee-certified genetic experts to help ensure that medical plans, hospitals, employers, community clinicians, and patients have access to the highest quality genetic testing services. The main businesses ofInformedDNA include clinical genetic testing consulting, management consulting for genetic testing, and supporting related clinical trials.As the gene market continues to evolve, hundreds of new genetic tests are available every month. Gene testing service providers lack expertise in selecting and interpreting tests, which can be costly for patients. InformedDNA employs more than 85 genetic testing consultants who provide services to guide the clinical decision-making of gene testing service providers and help them develop clinical trial processes."We are excited to work with these partners to enable us to better serve the increasingly complex genetic testing," said David Nixon, CEO ofInformedDNA. Almost a third of tests are now mis-ordered, which has a negative impact on both patients and gene testing service providers. This investment will enableInformedDNA to promote technology and services related to genetic testing to help patients make better decisions. Conor Greenpartner at TT Capital Partners, said: "Healthcare is at an important turning point, with new genetic testing capabilities expected to provide more personalized care, better results and lower costs. The genetic expertise of InformedDNA can help many healthcare organizations better understand their expertise in genes. We are pleased to work with the best in this field to continue to provide outstanding expertise to the healthcare industry. OnTT Capital Partners
is an independent commercial bank focused on mergers and acquisitions, financial restructuring and capital investment services. TT Capital Partners is part of TripleTree Healthcare Commercial Bank. The company partners with healthcare technology and services companies that have the potential to become market leaders. TT Capital Partners has invested in some of the most innovative, high-growth healthcare businesses with unique insights.
about NovaQuest Capital Management
is a leading investor in life sciences and healthcare. Founded in 2000, NovaQuest Capital Management's vision is to create a strategic funding investment platform for life sciences and healthcare companies. Today, NovaQuest Capital Management manages more than $2.5 billion in assets through its product financing and private equity strategies. The company's investment team is made up of experienced professionals with extensive operational and investment experience and deep life sciences and healthcare expertise.About Frist Cressey Venturesan early investment company dedicated to accelerating the growth of high-potential healthcare companies through value-added partnerships. The company invests in healthcare by providing viable solutions to create the future of healthcare.
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