Exagen completes $5.3M financing

Wednesday, September 12, 2012 10:58 AM

Exagen Diagnostics, a commercial-stage specialty diagnostic company based in Albuquerque, N.M., has executed a capital raise of $5.3 million led by Tullis Health Investors.

The proceeds will be used to finance market expansion and fund development of near-term pipeline products. Other investors included Sun Mountain Capital, Cottonwood Technology Fund, Mesa Verde Venture Partners and Epic Ventures.

"We are committed to the expansion of our three marketed rheumatology brands, Avise SLE, Avise PG and Avise MCV, as well as the development of several important near-term pipeline products that will assist physicians with the diagnosis and treatment of rheumatologic disorders," said Ron Rocca, president and CEO of Exagen. "Many connective tissue diseases are considered chameleon-like or have a wide range of sometimes overlapping symptoms, which adds to the difficulty of correctly diagnosing these diseases. It's our goal to arm physicians with the best tools available to help these patients."

Curt LaBelle, M.D., chairman of Exagen and managing director at Tullis Health Investors, added, "Exagen is at an exciting point in its development as it expands commercial efforts under the leadership of a team that has successfully executed in the diagnostic space at companies such as Prometheus and Genoptix. Exagen has highly differentiated products with clear clinical benefits in accurately diagnosing and monitoring conditions such as lupus, which are traditionally difficult to accurately diagnose. We look forward to supporting the company.”

Share:          
CLINICAL TRIAL RESOURCES

Search:

NEWS ONLINE ARCHIVE

Browse by:

CWWeekly

September 15

WIRB-Copernicus Group acquires New England IRB

BBK Worldwide secures $3 million in private á¼€nancingto accelerate its global and technological expansion

Already a subscriber?
Log in to your digital subscription.

Subscribe to CWWeekly.

The CenterWatch Monthly

August

Reality of costs and impact rain on Sunshine Act
Concerns mount over compliance burden on CROs, sponsors, unanticipated consequences for research

Cloud computing expanding into all areas of clinical trial conduct
Benefits outweigh the complexities, challenges of finding right vendors

Already a subscriber?
Log in to your digital subscription.

Purchase the August issue.

Subscribe to
The CenterWatch Monthly.

The CenterWatch Monthly

July

IRB market consolidating rapidly
Private equity driving a new commercial ethical review landscape

Lessons learned from medical device trials
Smaller, faster, more flexible trials hold important insights for pharmaceutical innovation

Already a subscriber?
Log in to your digital subscription.

Purchase the July issue.

Subscribe to
The CenterWatch Monthly.

JobWatch centerwatch.com/jobwatch

Featured Jobs