WOBURN, Massachusetts and VEDBAEK, Denmark -
- Financing provided by existing investors SLS Venture and LD Pensions
- Tina W. Christensen elected member of AdvanDx’s Board of Directors
AdvanDx today announced it has closed another US$8 million in financing from existing stockholders, SLS Venture and LD Pensions. The additional investment is part of a series C round of financing, the first part of which was closed in September 2007, and will be used to fund the expansion of AdvanDx’s molecular diagnostics product offering as well as its international sales and marketing activities.
In addition to the financing, stockholders elected Tina W. Christensen to AdvanDx board of directors. Ms. Christensen is a Vice President and CFO at the Danish health insurance company “danmark” which specializes in providing 2 million Danish citizens with supplemental health insurance to the Danish National Health Service.
“We continue to see increased adoption of our clinical diagnostic products and this latest financing will enable us to add new tests to our product portfolio and to continue to expand our customer base. We greatly appreciate our investors’ strong commitment to AdvanDx and our future,” said Thais T. Johansen, President and CEO of AdvanDx. “We also very much look forward to Tina W. Christensen’s participation on our board of directors and the experience she brings from the health care and health insurance industry,” Johansen continued.
About AdvanDx
AdvanDx is a leading provider of advanced molecular diagnostic products for the prevention, diagnosis and treatment of life-threatening, bacterial infections. AdvanDx’s easy-to-use products provide fast and accurate results that enable dramatic improvements in patient care and help to save lives and reduce hospital costs.
AdvanDx’s products employ standard laboratory techniques and equipment to reduce startup, implementation, technician and maintenance time, while providing fast results without sacrificing accuracy. Major medical centers, reference labs, government institutions and community hospitals throughout the United States, Europe and Asia rely on AdvanDx products as integral parts of their medical care.
For more information visit www.AdvanDx.com
About Scandinavian Life Science Venture
SLS Venture, an international venture capital company with a Scandinavian base is one of the largest in Scandinavia focusing on the life sciences sector with approximately euro 270 million under management. SLS Venture has invested in 36 pharmaceutical, medtech and biotech companies to date. Portfolio companies include Aerocrine, Exiqon, Symphogen, Light Sciences Oncology and NeuroNova.
For more information, please visit www.slsventure.com
About LD Pensions
LD Pensions is one of Denmark’s largest pension funds with more than US$10 billion under management. LD Pensions has a long-term and highly selective investment strategy. Investments made in unlisted companies are based on a fundamental analysis of the opportunity with an objective to hold the investment for a minimum of 3-5 years in order to position the company for a strategic sale or stock exchange listing. It is important for LD Pensions to demonstrate a high discipline of active ownership with respect to corporate governance, information policy and the ability to meet the requirements and expectations from the surrounding society in terms of responsible environmental management and social responsibility.
For more information please visit www.ld.dk
PN1674A
Source: AdvanDx
Joen T. Johansen, Director of Marketing of AdvanDx, +1-339-227-4052, jtj at advandx.com
Related Press Releases
Agendia Raises US $23 Million in Series E FinancingSeptember 21st, 2009 HUNTINGTON BEACH, California and AMSTERDAM -
- Company to Present at UBS Global Life Sciences Conference on Sept. 23
Agendia, a world leader in molecular cancer diagnostics, today announced the successful closing of a US $23 million series E investment.
Peter Gabriel's Human Rights NGO WITNESS Elects Marko Ahtisaari, Andrew Puddephatt and Amy Robbins to Board of DirectorsAugust 18th, 2009 NEW YORK -
WITNESS, the international human rights organization founded by musician and activist Peter Gabriel, has elected Marko Ahtisaari, Andrew Puddephatt, and Amy Robbins to its Board of Directors. (Logo: www.newscom.com/cgi-bin/prnh/20090327/DC89763LOGO )
As WITNESS begins implementing its new strategic plan, the organization is similarly expanding its board membership to include those with expertise in technology, digital communications, human rights campaigning, and philanthropic endeavors.
ECE Braves the Crisis: Financing for 300-Million-Euro Project in Dortmund is SealedJuly 6th, 2009 DORTMUND and HAMBURG, Germany - Picture is available via EPA (European Pressphoto Agency) and can be downloaded free of charge at: www.presseportal.de/pm/64793/?live
The shopping gallery "Neues Thier-Areal" in the city of Dortmund ranks among Europe's largest privately financed projects being launched in the midst of the financial crisis. Just in time for the start of construction in July, ECE has secured the funding for the 300-million-Euro project in Dortmund.
Tigo Energy Reaches Key Milestones and Raises US$10 Million 'B' Round FinancingMay 26th, 2009 LOS GATOS, California - Tigo Energy, (www.tigoenergy.com), the solar company whose unique technology significantly increases efficiency in photovoltaic solar installations, announced today that it has closed the second round of funding. The US$10 million round was led by ICV, and joined by all existing investors (Matrix Partners, OVP and Clal Energy).
Annual General Meeting of Shareholders 6 May 2009May 6th, 2009 NIEUWEGEIN, The Netherlands - Appointment of Mrs M.H. Schultz van Haegen - Maas Geesteranus as Member of the Supervisory Board
- Reappointment of Mr R.M.M.
Rob ten Heggeler Appointed as Member of NIBC's Managing BoardMay 6th, 2009 THE HAGUE, The Netherlands - The Supervisory Board of NIBC is pleased to announce the appointment of Rob ten Heggeler (46) as member of the Managing Board of NIBC Holding N.V., NIBC Bank N.V. and NIBC Investment Management N.V., subject to approval of De Nederlandsche Bank (Dutch Central Bank).
AdvanDx Launches Fast, 90 Minutes Protocol for All CE-IVD Marked PNA FISH(R) Tests in EuropeApril 27th, 2009 WOBURN, Massachusetts and VEDBAEK, Denmark - Pathogen Identification Results in 90 Minutes Direct from Positive Blood Cultures
- Faster Results to Help Clinicians Improve Antibiotic Selection and Outcomes for Critical Infections
AdvanDx today announced that it has launched a fast, 90 minutes protocol for all CE-IVD marked PNA FISH(R) tests in Europe. The fast protocol reduces the PNA FISH turn-around time from the original 2.5 hours to 90 minutes by reducing PNA probe hybridization time from 90 minutes to 30 minutes.
Cell Biosciences Closes US$10 Million Series C FinancingApril 8th, 2009 PALO ALTO, California - Cell Biosciences, a provider of nanoproteomic analysis systems to life science researchers, today announced the closing of a US$10 million Series C financing led by its largest shareholder, the Wellcome Trust. Existing investors Domain Associates, Latterell Venture Partners, Novo A/S, Mitsui Ventures, Royal Bank of Canada and The Vertical Group also participated in the financing.
eToro Closes $6.3 Million Round of FinancingMarch 31st, 2009 LONDON - Company to Support Platform Extension and Product Development
eToro, the fastest growing online financial trading platform, today announced it closed a $6.3 million round of financing with significant investments made by several private equity and VC investors including BRM Group and Cubit Investments. The online financial trading company which began as a unique and innovative online forex trading (www.etoro.com) platform has achieved all of its original investor goals leading to the successful second round of financing.
W.P.M. van der Schoot resigns as director of the Ballast Nedam Administration OfficeMarch 30th, 2009 NIEUWEGEIN, The Netherlands - Mr. W.P.M. van der Schoot has indicated that he resigns as director of
the Ballast Nedam Administration Office as per 31 March 2009 due to his
appointment to the supervisory board of Hurks Groep B.V as per 1 April 2009.
Related News
Financial Web site TheStreet.com elects 2 new board members while another resignsAugust 28th, 2009 TheStreet.com elects 2 directors, another resignsNEW YORK — Financial media company TheStreet.com said Friday it has elected two new board members — while another has resigned — to comply with a Nasdaq requirement that most of its board must consist of independent directors. Ronni Ballowe, a former Ziff-Davis executive for 19 years, and Christopher "Woody" Marshall, a venture capitalist at Technology Crossover Ventures, joined the board Tuesday.
John Wiley & Sons elects former Bank of NY Mellon executive to boardSeptember 17th, 2009 John Wiley & Sons elects ex-banker to boardHOBOKEN, N.J. — A former bank executive has been elected to the board of directors of John Wiley & Sons Inc., the business publisher said Thursday.
New York Philharmonic elects Parr as chairman of board of directors to succeed GuentherJune 12th, 2009 New York Philharmonic elects new chairmanNEW YORK — The New York Philharmonic has elected a new chairman. Gary W. Parr was elected chairman of the board of directors of the Philharmonic-Symphony Society of New York Inc.
Chrysler Financial cuts 9 percent of workforce, closes service centerJune 30th, 2009 Chrysler Financial to cut 9 percent of workforceDETROIT — Chrysler's former financial arm says it will reduce its workforce by 9 percent as it restructures and closes a customer service center in Overland Park, Kansas. Chrysler Financial, a company separate from Chrysler Group, says the moves come as it no longer serves as the automaker's preferred lender for financing Chrysler vehicle purchases and dealer inventories.
Delta closes a total of $2.1 billion in loans, making progress toward 2010 debt paymentsSeptember 30th, 2009 Delta closes $2.1 billion in loansATLANTA — Delta Air Lines Inc. says it has closed on $2.1 billion worth of financing, which will help with the major debt payments it has due next year.
Pinnacle Capital West elects Denis Cortese to boardSeptember 23rd, 2009 Cortese named to Pinnacle West Capital's boardPHOENIX — Pinnacle West Capital Corp. said Wednesday that its board has elected Denis Cortese, president and CEO of the Mayo Clinic, as a director.
AbitibiBowater needs debtor financing, bankruptcy court toldMay 2nd, 2009 AbitibiBowater needs debtor financingMONTREAL — Insolvent U.S. newsprint maker AbitibiBowater says it desperately needs a cash infusion from debtor financing after losing $2.2 billion last year.
Visteon attorney says company making good progress on bankruptcy financingJune 19th, 2009 Attorney says Visteon making progress on financingWILMINGTON, Del. — Auto-parts supplier Visteon Corp.
Republican party elects first African American chairmanJanuary 30th, 2009 WASHINGTON - The US Republican National Committee (RNC) Friday elected Michael Steele as the first African American to lead the national organization of the party. Steele beat Katon Dawson, the South Carolina Republican committee chairman, to claim the title in the sixth round of balloting, US TV networks reported.
DuPont elects Samuel W. Bodman, former US secretary of energy, to its boardApril 29th, 2009 DuPont names former secretary of energy to boardWILMINGTON, Del. — Chemical manufacturing company DuPont Co.
