Precision for Medicine

Precision for Medicine

Clinical research organization for life sciences

About Precision for Medicine

Simplify's Rating
Why Precision for Medicine is rated
A
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Biotechnology

Healthcare

Company Size

1,001-5,000

Company Stage

Growth Equity (Venture Capital)

Total Funding

$225M

Headquarters

Chevy Chase, Maryland

Founded

2012

Overview

Precision for Medicine focuses on conducting clinical research to support the development of new therapies in the life sciences sector. The company integrates advanced technologies to gather detailed insights into patient biology, which helps in designing and executing clinical trials. Their services cover all phases of clinical trials, from initial human testing to obtaining regulatory approval, with a strong emphasis on areas like oncology, cell and gene therapy, and rare diseases. What sets Precision for Medicine apart from its competitors is its comprehensive approach that combines clinical trial services, specialty laboratory services, and data sciences, aimed at improving the efficiency and success rates of bringing new treatments to market. The company's goal is to enhance the speed and effectiveness of clinical trials, ultimately ensuring that life-changing therapies reach patients as quickly as possible.

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Simplify's Take

What believers are saying

  • Increased demand for specialized CRO services due to global precision medicine initiatives.
  • Adoption of AI in clinical trials enhances precision and efficiency, especially in oncology.
  • Real-world evidence supports regulatory submissions, offering a competitive edge in drug development.

What critics are saying

  • Increased competition in precision medicine may impact market share and pricing strategies.
  • Rapid technological advancements require continuous investment, straining financial resources.
  • Complex clinical trial protocols may lead to higher costs and longer timelines.

What makes Precision for Medicine unique

  • Strategic partnerships enhance Precision for Medicine's capabilities in mutation detection and spatial biology.
  • Integration of advanced technologies like PhenoCycler-Fusion 2.0 accelerates immuno-oncology drug discovery.
  • Focus on oncology, cell and gene therapy, and rare diseases sets them apart in precision medicine.

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Funding

Total Funding

$225M

Above

Industry Average

Funded Over

1 Rounds

Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Life Insurance

Disability Insurance

Parental Leave

Paid Sick Leave

Paid Vacation

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

7%
PR Newswire
Nov 21st, 2024
Precision For Medicine And Agena Bioscience Announce Strategic Partnership And Breakthrough Findings At Association For Molecular Pathology 2024 Annual Meeting & Expo

Quality not sufficient samples on next-generation sequencing platforms analyzed on MassARRAY® and actionable mutations were identified. BETHESDA, Md., Nov. 20, 2024 /PRNewswire/ -- Precision for Medicine, a leading next-generation provider of drug development research and services, today announced a strategic partnership with Agena Bioscience that helps bridge critical gaps in detecting mutations not identified by next-generation sequencing (NGS) alone. Precision for Medicine and Agena Bioscience will present cutting-edge findings on profiling challenging lung tumor samples at the Association for Molecular Pathology (AMP) 2024 Annual Meeting Expo, held November 19-23, 2024. Precision for Medicine's robust biospecimen inventory played a pivotal role in this study, which utilized lung tumor samples previously deemed quality not sufficient (QNS) or failed on NGS platforms. With Agena Bioscience's advanced MassARRAY® technology and Precision for Medicine's deeply characterized samples, actionable mutations were identified in 40% of cases, showcasing the transformative potential of this collaboration and advanced analytical capabilities

PR Newswire
Nov 6th, 2024
Precision For Medicine To Offer Spatial Biology Solutions Incorporating The Phenocycler®-Fusion 2.0 System And The New Phenocode™ Discovery Io60 Panel From Akoya Biosciences

Breakthrough Spatial Biology Solutions Accelerate Immuno-Oncology (IO) Drug Discovery and Development. BETHESDA, Md., Nov. 6, 2024 /PRNewswire/ -- Precision for Medicine, a leading next-generation provider of drug development and commercialization services, today announced the integration of Akoya's PhenoCycler-Fusion 2.0 and early access for the new PhenoCode Discovery IO60 immuno-oncology panel into its service portfolio. Precision for Medicine now offers services based on both the PhenoCycler and PhenoImager® platforms, enabling a seamless continuum from biomarker discovery through application in the clinical trial setting. The PhenoCycler-Fusion 2.0 is a next-generation ultrahigh-plex and high-throughput spatial biology solution that combines automated fluidics with high-speed imaging to generate high-resolution images of multiple biomarkers on tissue sections. This platform enables the simultaneous analysis of hundreds of biomarkers, providing a comprehensive understanding of tumor biology and immune interactions

MM&M
Oct 3rd, 2024
The Escalator: Precision for Medicine, J&J, Bayer, IGM and more

Precision for Medicine has hired Margaret Keegan as Chief Executive Officer and member of the Board of Directors.

Navinci
Sep 27th, 2024
Precision for Medicine and Navinci Announce Strategic Partnership

Boston, United States, and Uppsala, Sweden - Sept. 26, 2024 - Precision for Medicine, a leading global precision medicine clinical research organization, is pleased to announce a strategic partnership with Navinci.

PR Newswire
May 30th, 2024
Steve Empoliti Joins Precision for Medicine as Chief Commercial Officer

BETHESDA, Md., May 30, 2024 /PRNewswire/ - Precision for Medicine, a global leader in biomarker-driven clinical research and development, today announced that Steve Empoliti has joined the organization as Chief Commercial Officer.

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