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Strand Life Sciences Completes $13M Financing Round

NEW YORK (GenomeWeb) – India's Strand Life Sciences today announced it closed a financing round that raised $13 million.

Private equity firm Quadria Capital led the investment. HealthQuad Fund and Heritas Venture Fund also participated.

The financing will be used to help Strand's growth initiatives, and the support of Quadria "will help launch Strand into its next phase of growth and into an era where data analytics and molecular measurements together change diagnosis and treatment paradigms," Strand CEO Ramesh Hariharan said in a statement.

Strand offers diagnostic tests, including genetic tests in the areas of cancer, women's health, wellness, fertility, and infectious diseases, according to its website. It also offers bioinformatics services and clinical research and development services to pharma and biotech firms.