Deals

diaDexus lands $9.2M for cardiovascular diagnostics

South San Francisco, Calif. biotech firm diaDexus just raised $9.2 million in sixth-round funding from Scale Venture Partners, GlaxoSithKline and Baker Brothers Advisors, according to peHUB. The company’s first and only product, the PLAC Test, is used to detect early indicators of risk for heart attack and stroke. If such conditions can be determined at an early stage, aggressive treatment can prevent possibly-fatal events from ever occurring, diaDexus claims.
Founded in 2000, the company had raised $170 million in capital previous to the recent round. This money came from Burrill & Co., Rho Ventures, Bain Capital’s Brookside Fund and Mosaix Ventures. It last raised funds at the beginning of 2007 amounting to $40 million.