GEN Exclusives

More »

GEN News Highlights

More »
May 14, 2010

CardioDx Scores $5M from GE Healthcare to Co-Develop Cardiovascular Disease Tests

  • GE Healthcare has invested $5 million in CardioDx as part of an alliance to advance and co-develop diagnostic technologies in the area of cardiovascular disease. This marks the first investment for GE’s Healthymagination Fund, which is part of the $6 billion healthymagination initiative to deliver better healthcare to more people at lower cost.

    “We offer a unique proposition to promising healthcare technology companies like CardioDx,” says Michael Jones, evp of business development at GE Healthcare and director of GE’s Healthymagination Fund. “As well as providing growth capital and investment expertise, we offer entrepreneurs the opportunity to work with GE Healthcare and GE’s Global Research Center to accelerate the development of new technologies that align with our healthymagination initiative.”

    The $250 million Healthymagination Fund targets three areas for investment:

    •Broad-based diagnostics including imaging, home health, patient monitoring, molecular diagnostics, pathology, novel imaging agents, and other technologies for disease diagnosis

    •Healthcare information technology including electronic medical records, clinical information systems, healthcare information exchanges, and value-added data services

    •Life sciences including tools for R&D in biopharmaceuticals and stem cells as well as technologies for manufacturing of biopharmaceuticals and vaccines.

    CardioDx’ initial product, Corus™ CAD, is a noninvasive genomic test that uses data such as gene-expression levels and other patient characteristics to assess the likelihood that a patient has obstructive coronary artery disease (CAD). Corus CAD uses a blood test to quantify the likelihood of CAD.


Add a comment

  • You must be signed in to perform this action.
    Click here to Login or Register for free.
    You will be taken back to your selected item after Login/Registration.

Related content

Jobs

GEN Jobs powered by HireLifeScience.com connects you directly to employers in pharma, biotech, and the life sciences. View 40 to 50 fresh job postings daily or search for employment opportunities including those in R&D, clinical research, QA/QC, biomanufacturing, and regulatory affairs.
 Searching...
More »

GEN Poll

More » Poll Results »

Should “Special K” Get Special Treatment?

In the near term, what is the best way to use ketamine in treating depression?