MEDICAL TECHNOLOGY
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Agendia raises $23 million in series E financing
The Huntington Beach-based medical technology company also presented at UBS Global Life Sciences Conference on Wednesday.
By Susan BelknappPublished: September 23, 2009 10:45 AM
Huntington Beach and Amsterdam-based Agendia, a global leader in molecular cancer diagnostics, announced Wednesday the successful closing of a US $23 million series E investment. The financing was led by an undisclosed family investment firm that provided approximately half of the funds.
Two independent entrepreneurs also committed to an investment of $1 million each. The remaining capital was raised through Agendia’s existing investor base.
“The success of this financing round was aided by MammaPrint’s increasing U.S. demand, as well as growing reimbursement from private U.S. payors," says Dr. Bernhard Sixt, president and CEO of Agendia. "The proceeds will be used to accelerate the commercialization of MammaPrint in the U.S. market.”
Dr. Sixt presented at the UBS Global Life Sciences Conference on Wednesday, September 23 at the Grand Hyatt hotel in New York.
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Two independent entrepreneurs also committed to an investment of $1 million each. The remaining capital was raised through Agendia’s existing investor base. “The success of this financing round was aided by MammaPrint’s increasing U.S. demand, as well as growing reimbursement from private U.S. payors," says Dr. Bernhard Sixt, president and CEO of Agendia. "The proceeds will be used to accelerate the commercialization of MammaPrint in the U.S. market.” Dr. Sixt presented at the UBS Global Life Sciences Conference on Wednesday, September 23 at the Grand Hyatt hotel in New York. NEXT PAGE >> Related headlines West Coast University expands to North Hollywood Chapman report: Economic Forecast for the Legal Profession UC Irvine nets $320,000 to expand free online initiative Irvine’s Spectrum Pharmaceuticals raises $50 million Orange County loses more than 6,000 jobs over the month |
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