Advanced Animal Diagnostics (AAD), a Durham, NC-based developer of on-farm diagnostics to improve animal health and productivity, closed a $6m tranche of Series B financing.
Backers included Intersouth Partners, Novartis Venture Funds and private investors.
Advanced Animal Diagnostics develops innovative on-farm diagnostics allowing livestock producers and animal health professionals to make informed interventions that improve animal health and ensure a high quality supply of animal protein.
The company intends to use the funds to launch AAD’s Qscout™ automated on-farm lab system and Qscout™ MLD rapid on-farm test for mastitis in dairy cows, to develop new tests to detect disease-causing pathogens, and study use of the Qscout MLD test at other times during lactation.
The firm’s first product is a rapid, on-farm diagnostic test for faster, more accurate detection of subclinical mastitis in dairy cows.
Each test on the market or in development at AAD will be processed by the Qscout™ automated reader, so producers will be able to run multiple tests on the same instrument.
FinSMEs
10/04/2013