Precision For Medicine Pulls In $150M In PE Funding

Law360, San Diego (April 2, 2013, 11:09 PM EDT) -- Precision for Medicine Inc., a Maryland-based firm that supports life sciences companies, said Tuesday it had secured $150 million in private equity funding from Oak Investment Partners, J.H. Whitney & Co. and Precision’s co-founders.

The company said the parties raised the private equity financing to allow the company to aggressively grow a portfolio designed to deliver lower drug development costs, speed the time to market, and improve success rates.

Precision, which formed last year, provides services and infrastructure to life sciences companies that are aiming to...
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