Funds to support
market introduction of breakthrough technology solutions
Atlanta, GA,
May 6, 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 $3 million in a second round of
funding.
The current round includes investments
from healthcare-focused private investors and a strategic
corporate partner, DIANON Systems, Inc. (NASDAQ: DIAN).
DIANON, a national provider of cancer and genomic diagnostic
services, will market MDdatacors clinical database
services to its large urology and gastroenterology physician
customer base.
We are very pleased with the
success of this financing round. The company is fortunate
to secure investors who understand the significant value
we provide the pharmaceutical and medical device industries
as well as physician practices, said Blake Whitney,
MDdatacor chairman, chief executive officer and president.
Our investors not only provide a source of funding,
but also the resources and domain expertise to enhance
our ability to scale the business.
Thomas Phiambolis, M.D., executive
vice president of CASEP, a large Philadelphia- based
cardiology practice commented, MDdatacors
technology accepts my practices previously paper-based
medical records and turns this information into a searchable
clinical database that enables me to quickly identify
patients who could benefit from participation in a clinical
trial or are medically indicated for a procedure. This
information helps me more effectively manage my patients
healthcare.
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