- Leading private equity firms 1315 Capital and Ampersand Capital Partners’ recent investment agreement with Interpace signal a “clear vote of confidence”
- Company’s business units, Interpace Diagnostics and Interpace Pharma Solutions, support the biotech and pharmaceutical sectors as they seek to improve early cancer diagnosis and promote increasingly effective therapies
- Life sciences industry forecast to reach $33.2 billion by 2024, experiencing an 11.5% CAGR over 5-year period
Interpace Biosciences (NASDAQ: IDXG), an evolving leader in the life sciences industry, recently entered into a $20 million investment agreement with two leading private equity firms investing in laboratory services (http://nnw.fm/VO1Qu). The Series B Preferred stock investment consisting of $19 million and $1 million from 1315 Capital and Ampersand Capital Partners, respectively, will be a boon to IDXG’s growing power in an industry anticipated to reach $33.2 billion by 2024 – an increase from its $19.3 billion in 2019. The life sciences industry is forecast to experience a CAGR of 11.5% over the period (http://nnw.fm/fBt6c).
“We believe 1315 Capital will be, and Ampersand [a current investor] will continue to be, great partners for Interpace,” Interpace president and CEO Jack Stover stated…
For more information, visit the company’s website at www.Interpace.com
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