AdvanDx

AdvanDx Closes $8 Million Financing Round and Elects New Board Member

Published in State and Local Health Law Weekly, September 3rd, 2009

AdvanDx announced it has closed another $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...

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Source: State and Local Health Law Weekly (2009-09-03)

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