Anavasi Diagnostics Announces New Additions to Leadership Team – Yahoo Finance

0
2

Three More Industry Veterans Join the Medical Device Venture's Executive Team
WOODINVILLE, Wash., Jan. 12, 2022 /PRNewswire/ — Anavasi Diagnostics ('Anavasi'), a medical technology company focused on the development of novel molecular diagnostic testing, recently announced the addition of a Chief Financial Officer, Chief Operating Officer and Chief Commercial Officer to its management roster.
Scott Hales, Chief Financial Officer of Anavasi Diagnostics, has 30 years of financial, operational and strategic advisory experience across multiple service and manufacturing industries. He has spent the last decade as a CFO, serving both entrepreneurial founders as well as publicly-traded and private equity investor owners. Most of Mr. Hales' 42 career transactions were at Citi Capital Strategies (then a division of Citigroup®), where he completed mergers and acquisitions, recapitalization and capital raising deals valued at $1 billion in the aggregate. His most recent work in the life sciences sector has been to ensure that multiple venture clients have had the strategies, capital, systems, information, and reporting to successfully commercialize their intellectual property.
Guy Ellis, Chief Operating Officer of Anavasi Diagnostics, brings extensive healthcare and high-tech industry experience – particularly in companies that excelled in growing and transforming technology, global health, laboratories, professional services, and intellectual property. His work in a healthcare non-profit (Global Health Labs), an investment firm targeting new inventions (Intellectual Ventures Management), and a major IT powerhouse (Cisco) have all prepared him to help lead Anavasi toward the successful launch of the AscencioDx™ molecular detector and related test kits. In his role, Ellis will oversee all Operations outside of Commercial and Financial functions.
James McMenamy, Chief Commercial Officer of Anavasi Diagnostics, brings 30 years of experience in global human and veterinary point of care (POC) clinical diagnostic product development, marketing and sales. Mr. McMenamy has moved among multi-billion-dollar corporations (Becton-Dickinson, Quidel, Samsung Medical Diagnostics) and early launch companies with high-growth potential, playing a key role in two In Vitro Diagnostics companies that sold for over $400 million combined. McMenamy will oversee both the marketing and sales functions.
Mr. Hales, Mr. Ellis and Mr. McMenamy join a seasoned Executive Team, led by Nelson Patterson, Anavasi President and CEO. During his career, Mr. Patterson has moved between international conglomerates (Procter & Gamble, Baxter International) to early-launch, high-growth startups (SonoSite, Aerogen, HealthySole). While at Baxter, Mr. Patterson oversaw the purchase and integration of a $300 million firm, with a $235 million purchase price and investment of over $65 million in milestone payouts. His background also includes extensive new product design and development, production, fundraising, sales and marketing.
Anavasi Diagnostic's executive team boasts impressive experience in the healthcare, private equity and venture capital spaces, with a combined roster of more than eight successful exits at nearly $1 billion in total value. Anavasi just completed a $6.0 million Seed Round (convertible note), a $2.6 million Founder's Round and is preparing for a Q1 2022 Series A announcement.
"Q4 2021 has been remarkably productive for the Company, highlighting the need to bolster our execution capacity with senior talent that can really hit the ground running," said Nelson Patterson, President & CEO of Anavasi Diagnostics. "Bringing these three individuals on board is timely, as they are joining a team with a strong problem-solving, 'over-delivering' culture and mindset. The particular financial, operational and commercial capabilities of Scott, Guy and Jim respectively, suit the mission of Anavasi well as we work to address the unmet needs in today's diagnostic testing environment. They round out a team collectively possessing the essential resources to accelerate our production cycle and become one of the primary suppliers to the rapidly adapting global testing market in 2022."
Under the leadership of the executive team, Anavasi is preparing for filing of an Emergency Use Authorization (EUA) for its AscencioDx™ platform. In November 2021, the company was awarded $14.9 million from the National Institutes of Health (NIH) Rapid Acceleration of Diagnostics (RADx) initiative to accelerate the launch and broad market availability of the AscencioDx™ molecular diagnostic platform for the detection of RNA indicative of the SARS-CoV-2 / COVID-19 virus.
About Anavasi Diagnostics
Anavasi Diagnostics is a rapidly growing medical technology company focused on saving lives by developing novel molecular diagnostic testing using a proprietary reverse transcriptase methodology (patent-pending). As a spin-out of the University of Washington, Anavasi's technology platform was developed by renowned researchers in UW's bioengineering department. The Company's quest to successfully commercialize this technology is led by top medical device and clinical diagnostics executives, manufacturing experts and a former Microsoft software veteran. The team's combined experience has been responsible for the introduction of more than forty medical/diagnostic products and hundreds of peer-reviewed research publications. More information can be obtained at https://anavasidx.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/anavasi-diagnostics-announces-new-additions-to-leadership-team-301459454.html
SOURCE Anavasi Diagnostics
The Oracle of Omaha knows how to beat inflation. So ride his coattails.
Cathie Wood, the star fund manager and chief executive of ARK Invest, in a Tuesday monthly market update says that the used car market is where she is expecting possible losses after a surge in values.
In this article, we discuss the 5 stocks to consider in the latest portfolio of that Nancy Pelosi. If you want to skip our detailed analysis of these stocks, go directly to Nancy Pelosi Latest Portfolio: 2 Stocks to Watch. The stock trading activities of lawmakers on both sides of the aisle have come under […]
Jeremy Siegel, professor of finance at the University of Pennsylvania’s Wharton School of Business, on Wednesday sounded sanguine about the equity market, even as he conceded that inflation is likely to be more pernicious than Wall Street expectations, causing the Federal Reserve headaches.
It's Wednesday morning, and Alibaba Group Holding (NYSE: BABA) stock is still going up. Do you remember what I said about Alibaba yesterday? Well, this morning, the chorus singing Alibaba's praises got even bigger.
Here’s one to be aware of for 2022: Value stocks will most likely beat their growth counterparts. * The Vanguard S&P 500 Growth Index exchange traded fund (VOOG) is down 5.6% year to date, while the Vanguard S&P 500 Value Index fund (VOOV) is flat. * Value groups including banks and energy stocks are crushing growth stocks like Ark Invest’s favorite names.
Shares of electric car upstart Lucid (LCID) lit up on Tuesday, surging 9% in response to a what was actually a pretty even-keeled report by Charles Coldicott at UK research shop Redburn. Coldicott initiated coverage of Lucid Group with a "neutral" rating and a price target of only $39, but by the time trading was done for the day, Lucid stock had topped $45 a share. Why did investors have such an enthusiastic reaction to what was essentially a "hold" rating on the stock? Well, let's take a look.
FCX stock led a rally among mining stocks as the copper prices climbed on hopes for robust global growth as the omicron variant recedes.
The Oregon chain's same-store sales grew 10.1% over 2020, 15.3% on a two-year basis and had an overall 8.4% growth for the entire year.
(Bloomberg) — Adam Aron, AMC Entertainment Holdings Inc.’s meme-courting chief executive officer, said he’s done selling shares after parting with $7.1 million more this week, bringing his total proceeds since November to $42 million.Most Read from BloombergCannabis Compounds Prevented Covid Infection in Laboratory StudyFrequent Boosters Spur Warning on Immune ResponseSay Goodbye to Self-Isolating, WFH Mandates, Mass TestingEurope Slowly Starts to Consider Treating Covid Like the FluJ&J Vaccine
The Wall Street giant really likes these dividend stocks — for very good reasons.
The company has been giving away too much money
Several top U.S. oil stocks are in buy range Wednesday as oil prices rise amid OPEC+ production disruptions.
Shares of the blank check company Digital World Acquisition Corp (NASDAQ: DWAC) rose 14% today for no apparent reason. As a special purpose acquisition company (SPAC), Digital World Acquisition Corp went public with the intent of acquiring a private business to bring it public. In late October, the SPAC announced that it intended to merge with and take public Trump Media & Technology Group, the parent of TRUTH Social.
Yahoo Finance's Emily McCormick and Adam Shapiro break down their stock picks for the day.
Increased provisions for a product recall and the pandemic's impact on the installation of its medical equipment hurt the company in the fourth quarter.
Share of the investment bank Jefferies Financial Group (NYSE: JEF) had fallen roughly 10% as of 1:55 p.m. ET today after the company reported earnings results for the fourth quarter and full year of 2021. For the three months ending Nov. 30, 2021, Jefferies reported $1.20 diluted earnings per share (EPS) on total revenue of roughly $1.8 billion, missing on both EPS and revenue estimates. Analysts on average had projected Jefferies to report $1.34 EPS on total revenue of $1.9 billion.
Macquarie analyst Erica Chen launched coverage of three U.S. listed Chinese electric vehicle makers on Wednesday.
If you're looking for some worthwhile growth stocks to buy and hold through the storm, you've come to the right place. Lithium Americas (NYSE: LAC), ChargePoint Holdings (NYSE: CHPT), and Cognex Corporation (NASDAQ: CGNX) are three growth stocks that could be good buys in January. Scott Levine (Lithium Americas): If you're like most growth investors, you've undoubtedly come across plenty of ink spilled about electric vehicles since the market is expected to grow considerably over the next decade.
If you’ve paid attention to politics in the past 10 years, you’ve likely heard a good deal of rhetoric about “the 1%” — those whose annual income puts them in the top 1% of earners. You’d be forgiven, though, for … Continue reading → The post What It Takes to Be in the 1% By State appeared first on SmartAsset Blog.

source

LEAVE A REPLY

Please enter your comment!
Please enter your name here