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Health Discovery Raises $3M Through Stock Offering

Mar 23, 2005

NEW YORK, March 23 (GenomeWeb News) - Health Discovery, a Savannah, Ga.-based pharmacogenomics company, has raised $3 million through a stock offering, according to a report by a local Savannah business publication.

 

The Business Reporter today reported that Health Discovery's stock offering closed $10,000 short of $3 million, and that the firm would be pumping the revenue into its development of biomarkers and pathways.


Health Discovery CEO and Chairman Stephen Barnhill told The Business Reporter that the 2-year-old firm would be adding 10 workers to the company's staff over the following year. Health Discovery currently employs 15 people at offices in Georgia, Texas, and California, and has registered nearly 80 patents according to The Business Reporter.

The company announced partnerships with Stanford University and the MD Anderson Cancer Center last year.

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