Personalized medicine test maker AssureRx Health has closed an $11 million Series B round of funding. The Cincinnati-area company will use the funding to expand sales and marketing for its GeneSightRx test, which helps doctors pick the right psychiatric drugs for patients based on their genes. The company launched the test in 2009. AssureRx will […]
AssureRx Health Inc. has added a sixth gene to its test that helps doctors pick the right psychiatric drugs for patients based on their genes.
Updated 12:13 p.m., July 9, 2010. AssureRx Health Inc., the pharmacogenetic test maker in Mason, Ohio, has closed the books on a $1.6 million round of largely angel investment completed last year. AssureRx is pioneering a diagnostics market within the emerging practice of personalized medicine. The Cincinnati-area, company has developed a genetic testing system that […]
“The age of personalized medicine is upon us,” said Jim Burns, chief executive of AssureRx Health Inc., the Cincinnati-area, company that has developed a genetic testing system to help doctors pick the right psychiatric drugs for patients. And in no other field is the need for personalized medicine so great. One in four of us […]
Personalized drug company AssureRx Health Inc. has promoted Donald Wright Jr. to senior vice president of operations and technology. Wright’s responsibilities will include managing the company’s Web-based software product development and overseeing information technology and molecular genetics laboratory operations, according to a statement from AssureRx. Wright has 20 years of experience in operations and product […]
GeneSightRx uses either a blood test or cheek swab to check for several genetic variants that can alter the effectiveness of 24 psychiatric drugs such as Paxil, Prozac and Haldol for afflictions ranging from depression and anxiety. The analysis can, for example, suggest certain patients won't absorb drugs into the system and risk increased side effects. A physician could then adjust the dosage or prescribe something else as a result.
A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.
