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AltheaDx
Molecular diagnostics and PCR-based services such as molecular biomarker discovery, assay development and assay validation
About AltheaDx
AltheaDx is a biotechnology startup that specializes in personalized medicine through its flagship product, IDgenetix. The company focuses on providing comprehensive pharmacogenetic testing, which examines how a patient's genetic makeup affects their response to medications. This testing is particularly aimed at improving the treatment of mental health conditions such as depression and anxiety. By using a proprietary algorithmic screening process, AltheaDx can offer tailored medication recommendations that are more effective than standard treatments.
The primary clients of AltheaDx include healthcare providers, such as doctors and clinics, who are looking to enhance their treatment plans with personalized medicine. The company operates in the healthcare and biotechnology market, which is rapidly growing due to increasing demand for personalized treatment options.
AltheaDx's business model revolves around selling its pharmacogenetic testing services to healthcare providers. The company generates revenue by charging for each test conducted. Additionally, AltheaDx benefits from ongoing partnerships and collaborations with medical institutions, which help to validate and expand the use of its testing services.
The company has demonstrated its effectiveness through prospective, randomized controlled clinical trials, showing significant improvements in treating depression and anxiety compared to standard care. This evidence-based approach not only boosts the credibility of AltheaDx but also attracts more healthcare providers to adopt its services.
In summary, AltheaDx is making strides in the personalized medicine space by offering advanced pharmacogenetic testing that helps healthcare providers deliver more effective treatments for mental health conditions. The company makes money by selling these testing services and continues to grow through strategic partnerships and clinical validation.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2009
- Headquarters
- San Diego, United States
- Employees
- 16
- Open positions
- None listed
- Dealroom signal
- 64.9/100
- Industry
- Health
- Sub-industry
- BioTechnology
- Sector
- Biotech & Life Sciences, Testing, Biotechnology, Molecular Biology, Biotech and Pharma, Hard Tech, medical testing, DT and LS, science-based
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Apr 2022 | $65M | $65M | Castle Biosciences | ↗ |
| EARLY VCOther financing | Sep 2020 | $3.7M | $15M | Undisclosed | — |
Growth signals
Latest recorded traffic for AltheaDx is 240 monthly website visits, up 71.4% over the last three months. AltheaDx's team declined 64.4% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
Telegraph Hill Partners
Series B and later1 investor entered at this stage
WuXi Healthcare Ventures
Other known investors1 additional known investor
Castle Biosciences
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about AltheaDx on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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