$12.5 million was recently raised in Series C financing by AssureRx Health Inc. AssureRx, a personalized medicine company, is an Ohio-based startup. The company is a personalized medicine company that specializes in pharmacogenomics and helps physicians figure out correct drugs for patients who suffer from neuropsychiatric and other related disorders.
Four Rivers Group, Claremont Creek Ventures, and Sequoia Capital led the financing; other investors that participated were Cincinnati Children’s Hospital Medical Center, Mayo Clinic, CincyTech, Allos Ventures, jVen Capital, and Alafi Capital. The funds that were raised will go toward increasing commercial activities for GeneSightRx® Psychotropic and GeneSightRx® ADHD, which are AssureRx’s two flagship pharmacogenomic products.
James S. Burns, president and CEO of AssureRx Health, described the company’s main objectives and what is expected to come from this round of funding:
Our goal is to build the leading clinical informatics company providing pharmacogenomic and other treatment decision support products to help physicians individualize the treatment of patients with neuropsychiatric and other disorderds. Proceeds from the Series C financing will be used to expand sales coverage, sponsor multiple clinical studies, and develop new products to help accelerate our leadership position in psychiatric personalized medicine.
Four Rivers, jVen Capital, and Alafi Capital, some of the investors in this Series C financing, bring along with their investments, connections to help build AssureRx Health’s leadership position in psychiatric pharmacogenomics.
New investors Four Rivers, jVen Capital, and Alafi Capital bring to AssureRx Health further expertise and partnering connections to help AssureRx Health continue building its leadership position in psychiatric pharmacogenomics.
In other news, Rock Health, a San Francisco-based digital health incubator, recently announced which six startups will be participating in the kick-off incubator in Boston this summer. Each of the startups participating will present on August 24th at a demo day. The startups that were selected for the Boston class are:
1. HomeTeam Therapy
3. NeuroTrack Technologies
6. ZeroSum Health
More information about Rock Health in Boston can be found here.