The medical technology sector must face up to a host of pressures if it wants to grow this year, according 1 analyst shop, but the leading med-tech index, the iShares DJ U.S. Medical Devices Index Fund, shows that med-tech’s momentum slowed during the first quarter.
Personalized medicine test maker AssureRx Health completed an $11 million Series B round.
The Mason, Ohio-based company plans to 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 also intends use the investment to develop an unspecified second product, according to the company.
Curious hackers get BioCurious: The idea of a hackerspace, or a place where, for a slight monthly fee, nerds with similar interests can meet, socialize, drink plentiful coffee, and make things, is nothing new in the world of Internet entrepreneurs. Hackerspaces exist all over (see here for one in your neighborhood) and are popular places to pursue side projects and meet others who can help.