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Rules Based Medicine Captures $25 Million First Round

Tuesday, October 16, 2007 5:00:00 AM PDT | VentureDeal Staff
AUSTIN, TX -- Biotech diagnostic company Rules Based Medicine, Inc. said that it closed its first institutional round of financing, securing $25 million in new investment.

RBM provides a complete line of protein biomarker testing products and services.  It enables pre-clinical and clinical researchers to to generate immunoassay data for hundreds of proteins in a more cost effective manner.

Equity Group Investments, LLC led the round, which included Cross Creek Capital and the Stephens Group.  The company will use the proceeds to pay off debt, validate additional biomarkers for medical diagnostics and potentially acquire or invest in related technologies.

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