Funds Enable Company to Meet Growing
Healthcare Industry Demand for Its Informatics Solutions
ATLANTA, GA,
November 14, 2002 --- MDdatacor, inc., a medical
informatics company that utilizes patent-pending technology
to rapidly identify patient populations for clinical
trials, approved therapeutics and medical devices, today
announced it successfully raised an additional $2.3
million in private equity financing.
The additional capital was secured
from MDdatacor's current investors, including DIANON
Systems, Inc. (NASDAQ: DIAN), a national provider of
cancer and genomic diagnostic services. To date, MDdatacor
has raised $6.4 million in aggregate proceeds from the
sale of its Common Stock.
"Our information services
have been very well received by pharmaceutical and medical
device companies. These funds will enable us to successfully
execute on a number of recent industry contracts as
well as scale our business to meet increased future
demand," commented Blake Whitney, MDdatacor chairman
and chief executive officer.
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