TheraGenetics

TheraGenetics is a personalised medicine diagnostics company that is developing &a; commercialising a of pharmacogenetic diagnostic tests.

Business Model:

Revenue: $0

Employees: 201-500

Detailed TheraGenetics Information

TheraGenetics was acquired by Avacta Group.
The acquisition happend on 2009-01-29.
Details of the transaction were not public

Acquirer

Geographic Data

TheraGenetics headquarters map

Address:

City: London

State: England

Zip:

Country: United Kingdom

Financial Info

Stage:

series a

Raised Last:

$6M

Raised Total:

$6M

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Description

TheraGenetics was spun out of King&s;s College London in April 2006. Their technology is based upon pharmacogenetics; the study of genetic factors involved in influencing an individual&s;s response to drug treatments. The strong foundation of TheraGenetics stems from the founding team&s;s long commitment to pharmacogenetics that has situated us at the cutting edge of personalised medicine. Under the umbrella of the Institute of Psychiatry at King&s;s College London, the founding team translated 15 years of research into the commercial world by developing the first pharmacogenetic test for response prediction in psychiatry. In 2005, this test which focuses on the schizophrenia treatment clozapine, was successfully licensed by King&s;s College London to a major UK laboratory who have successfully brought the test to market in 2006. Based on this achievement and the overwhelming enthusiasm for personalised medicine solutions, King&s;s College London, the academic founders and the London based venture firm IPGroup PLC launched TheraGenetics in April 2006. TheraGenetics unique knowledge and experience in CNS disorders extends from the bench to the bedside. The ultimate clinical utility has been a priority consideration at all stages of their test development; their clinical team knows what is required at the patient care interface and they develop tests accordingly. The TheraGenetic&s;s team has a threshold of knowledge and experience spanning the whole test development process that is now allowing us to rapidly advance their work in the field of pharmacogenetic response prediction.

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Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
7/2007 Series A 3 $6M Swarraton Partners
IP Group
Tudor Investments
IP Group
Swarraton Partners
Tudor Investments
Announced Date Name Price

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