About Precision for Medicine
Precision for Medicine is a company based in Bethesda (United States) founded in 2013.. Precision for Medicine has raised $150 million across 3 funding rounds from investors including TPG, J.H. Whitney Capital Partners and Oak Investment Partners. Precision for Medicine offers products and services including CRO Services, Lab Services, and Biospecimens. Precision for Medicine operates in a competitive market with competitors including Charles River Laboratories, LabCorp, Cytel, Precision Medicine Group and Veeda Clinical Research, among others.
- Headquarter Bethesda, United States
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Precision Medicine Group, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$150 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
TPG
& 2 more
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Employee Count
Employee Count
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Products & Services of Precision for Medicine
Precision for Medicine offers a comprehensive portfolio of products and services, including CRO Services, Lab Services, and Biospecimens. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages trials for drug development and patient recruitment.
Performs immune monitoring and genomics for research support.
Provides collections for therapeutic area studies and diagnostics.
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Leadership Team
89 people
Senior Team
36 people
Software Development Team
35 people
Operations Team
24 people
Principal Team
16 people
Sales and Marketing
15 people
Finance and Accounting
14 people
Product Management Team
13 people
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Funding Insights of Precision for Medicine
Precision for Medicine has successfully raised a total of $150M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(02 Apr 2013)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2015 | Amount | Private Equity Round - Precision for Medicine | Valuation |
investors |
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| Jan, 2015 | Amount | Grant - Precision for Medicine | Valuation |
investors |
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| Apr, 2013 | Amount | Private Equity Round - Precision for Medicine | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Precision for Medicine
Precision for Medicine has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include TPG, J.H. Whitney Capital Partners and Oak Investment Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Fund of funds focused on pre-seed and seed-stage companies
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture capital investments are made in disruptive growth companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Precision for Medicine
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Precision for Medicine
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Precision For Medicine Comparisons
Competitors of Precision for Medicine
Precision for Medicine operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Charles River Laboratories, LabCorp, Cytel, Precision Medicine Group and Veeda Clinical Research, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of drug discovery and preclinical development services
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| domain | founded_year | HQ Location |
Provider of laboratory tests for physicians
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| domain | founded_year | HQ Location |
Data analysis and statistical solutions are provided for life sciences.
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| domain | founded_year | HQ Location |
Provider of clinical research, development, and commercialization services for life sciences
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| domain | founded_year | HQ Location |
Drug development services encompassing clinical trials, bioanalytical support, and real-world evidence in healthcare.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Precision For Medicine
Frequently Asked Questions about Precision for Medicine
When was Precision for Medicine founded?
Precision for Medicine was founded in 2013.
Where is Precision for Medicine located?
Precision for Medicine is headquartered in Bethesda, United States. It is registered at Bethesda, Maryland, United States.
Is Precision for Medicine a funded company?
Precision for Medicine is a funded company, having raised a total of $150M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $150M, raised on Apr 02, 2013.
What does Precision for Medicine do?
Precision for Medicine is a part of the Precision for Medicine Group along with Precision for Value (Offering market access and outcomes services) and Precision Effect (offering branding and engagement services). Precision For Medicine is a specialised services company supporting pharmaceutical and life sciences companies in the development of precision medicine in RD. The company offers specialised biomarker, laboratory, and clinical trial services as well as the necessary regulatory expertise to facilitate the research and development of precision medicine based drugs and devices. They have a team of scientists, clinical trial professionals and technical specialists who offer their services for biomarker (with focus on oncology biomarkers) identification through analysis of omics and clinical data, integrated and global clinical trial services, biorepository and specialty laboratory (including custom assay development, including molecular, cellular and immunological assays) services , companion diagnostic product development, regulatory solutions and IVD and medical device studies. The company acquired ACT Oncology (now Precision Oncology, an Oncology CRO) and Applied Immunology (a bioanalytical CRO developing, validating and implementing cell-based and immunological assays for drug development) to boost its offerings.
Who are the top competitors of Precision for Medicine?
Precision for Medicine's top competitors include LabCorp, Charles River Laboratories and Cytel.
What products or services does Precision for Medicine offer?
Precision for Medicine offers CRO Services, Lab Services, and Biospecimens.
Who are Precision for Medicine's investors?
Precision for Medicine has 3 investors. Key investors include TPG, J.H. Whitney Capital Partners, and Oak Investment Partners.
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