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Pinpoint MD nears $1.5 million for digital diagnostics platform

December 29, 2011
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Chicago health IT company Pinpoint MD LLC has almost reached its goal of $1.5 million in fresh capital for developing its digital platform to improve diagnostic testing.

Sixteen investors have participated in the $1.43 million round, according to the company’s recent filing with the U.S. Securities and Exchange Commission.

Pinpoint’s website is about as vague as can be in describing the company’s platform. It apparently has developed lab testing solutions for consumers and providers that would create a connected-care platform to make diagnostic test results more accessible and understandable.

Due partly to technological advancements and large aging populations especially in the U.S. and Asia, the $55 billion clinical diagnostics market is poised to continue growing over the next several years.

Launched in 2009, Pinpoint MD is under the leadership of CEO Jerry Johnston, the former CEO of Internet consulting and marketing agency Critical Mass Inc. Pinpoint MD raised $2.9 million earlier this year and is supported by investors including OCA Ventures and Joe Dwyer.

An email request to the company seeking more information was not returned.

Article source: http://www.medcitynews.com/2011/12/pinpoint-md-nears-1-5-million-for-digital-diagnostics-platform/?utm_source=rss&utm_medium=rss&utm_campaign=pinpoint-md-nears-1-5-million-for-digital-diagnostics-platform

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