[December 12, 2017] |
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Drawbridge Health and Thorne Research Announce Partnership
Drawbridge Health and Thorne Research announced today a strategic
collaboration to enable wellness testing, anytime and anywhere, in the
health and wellness market. The strategic collaboration will provide
Thorne Research and its subsidiary WellnessFX access to Drawbridge
Health's proprietary technology solution to integrate blood draw,
collection, and sample stabilization into a single device. Through the
collaboration agreement, the companies will partner to develop solutions
for improving the blood collection experience for health and wellness
customers.
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Thorne Research and WellnessFX are leaders in the health and wellness
industry, providing health diagnostics technology platforms to their
healthcare consumers - enabling them to take control of their well-being.
Drawbridge Health is developing a simple, comfortable, and convenient
blood draw solution with the goal of broadening the availability and
access to diagnostic testing and providing a convenient way to monitor
overall health. Drawbridge intends to seek U.S. FDA clearance for the
blood collection system.
Under the terms of the agreement, Thorne Research will receive exclusive
rights to distribute and commercialize future Drawbridge Health products
within the U.S. health and wellness industry. In exchange for these
rights, Thorne Research has agreed to a multimillion dollar investment
into Drawbridge Health and Paul Jacobson, CEO of Thorne Research, joins
the Drawbridge Board of Directors.
"We are extremely excited about bringing this game-changing blood
collection technology to our customers," said Paul Jacobson. "The blood
draw experience has long been the Achilles' heel in the health and
wellness market and we believe the Drawbridge solution has the potential
to both improve the customer experience and provide health insightsto
more patients than ever before."
"Our strategic collaboration with Thorne brings tremendous value and
validation to the Drawbridge platform," said Lee McCracken, CEO of
Drawbridge Health. "Partnering with a proven leader in the health and
wellness industry opens the door to significant opportunities within
this important and rapidly growing market segment. We certainly welcome
the addition of Paul Jacobson to our Board."
About Drawbridge Health
Drawbridge Health is focused on enabling personal diagnostic testing -
anytime, anywhere. By integrating engineering and proprietary
chemistries, Drawbridge is developing a people-friendly system for
collecting and stabilizing blood samples, opening new doors to enable
access to important health information. At Drawbridge Health, we're
innovating new ways to put health in your hands. For more information,
please visit www.drawbridgehealth.com.
About Thorne Research
Thorne is a health and technology company that is disrupting prevention
and wellness. By combining dietary and lifestyle recommendations with
nutritional supplement intervention, Thorne is at the forefront of
personalized health, with a mission to help consumers take control of
their own health and live a healthy life. Thorne provides at-home blood
biomarker tests to bring the doctor to the consumer's home. By
leveraging its sophisticated analytical software, Thorne helps consumers
uncover health insights and confidently take action to optimize
healthier outcomes. Based on individual test results, Thorne's
technology and team can deliver a personalized plan on what to eat, how
to exercise, and what Thorne supplements to take.
Thorne is the only supplement manufacturer to collaborate with Mayo
Clinic on wellness research and content, and is the proud partner of a
number of U.S. National Teams, including U.S. Soccer, USA Hockey, USA
Triathlon, and USA Rowing. Thorne is one of the fastest growing
supplement companies, and is rated the top practitioner-dispensed brand
among 30-40 year-olds. For more information visit www.thorne.com.
About WellnessFX
WellnessFX provides consumers convenient direct access to comprehensive
testing, thereby enabling individuals to assess and improve overall
health and wellness. Through an intuitive desktop and mobile app,
consumers can easily schedule blood, genetic and microbiome (coming in
2018) testing, understand the data, and choose consults with a variety
of practitioners to review those results. Tracking those results over
time allows consumers to establish a baseline, make lifestyle changes
and easily monitor improvements in personal health and wellness. This
same set of services is available to corporate partners through our
employer wellness offering, empowering employers to help their employees
improve health and wellness driving health care costs lower. For more
information visit www.wellnessfx.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171212005418/en/
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