Category Archives: News

“Health Ambition” on the diagnosis & effects of sleep apnea

This interesting article in Health Ambition provides an excellent summary of the potentially serious risk factors of sleep apnea, which they estimate affects 26% of adults – 80% of which goes undiagnosed.

The corresponding reduction in sleep quality can lead to common symptoms in the short term such as fatigue and irritability, but over the long term the consequences could include increased risk of many serious conditions such as diabetes, high cholesterol, heart disease and stroke.

If you’d like to learn if you might be part of the undiagnosed population, our portfolio company SleepMed offers a free online preliminary sleep risk test that is quick and easy.  They also offer home- and lab- based sleep diagnostics services as well as outcomes-based sleep disorder treatments and support.

Check out the article at Health Ambition.  One of the many fascinating things we’ve learned since our investment in SleepMed is how critical a good 7 hours/night of sleep is to a whole range of health outcomes.

Honored to have two of our portfolio companies, PowerChord and Symphonic Distribution, mentioned in this list!

The Top 10 Tech Companies To Work For In Tampa

Source:  Full Stack Talent

We’ve been wanting to put together a list of the top 10 tech companies to work for in Tampa for a while now. These are companies we love because they embody the spirit of tech and use tech to power their business, and because the culture is amazing and they really value their teams. This is gonna be a long one, so get a drink before you strap in!

ConnectWise

What they do:
ConnectWise is a community-driven software company dedicated to the success of Technology Solutions Providers. Their suite helps you manage your business, sell more efficiently, automate service delivery, and remotely control technology so you can consistently deliver amazing customer experiences.

Established in 1982, ConnectWise began as a full-service IT solution provider to small- and mid-sized businesses. After discovering a need to better streamline and automate processes in their own business, they built the ConnectWise business management solution to manage all of the core functions of any technology business in one integrated solution.

Today more than 10,000 technology organizations rely on ConnectWise to achieve greater accountability, operational efficiency, and profitability in their businesses.

Why they’re great to work for: 
ConnectWise has consistently been named one of Tampa’s Best Places to Work. They have lots of culture events, and volunteering opportunities.


On the benefits side, they offer:
-Medical, Dental and Vision benefits
-401k plan
-Flexible PTO
-A daily lunch stipend, and stocked kitchens with free snacks
-Foosball table
-Fun events like Star Wars Day, huge Holiday parties, Halloween costume contests, and annual picnics

Want to learn more?
I have 3 friends that currently work or have worked at ConnectWise and all have great things to say about the company and how they’re treated there. So, go ahead and learn more here: https://www.connectwise.com.

Nielsen

What they do: 
Nielsen is a global information and measurement company with leading market positions in marketing and consumer information, television and other media measurement, online intelligence and mobile measurement. Nielsen has a presence in over 100 countries, with headquarters in New York, USA and Diemen, the Netherlands. Their office in Oldsmar is incredible. See for yourself:

Top 10 Tech Companies To Work For In Tampa - Nielsen

Why they’re great to work for:
-Medical, Dental and Vision benefits
-Life insurance
-Health Savings Account
-401k plan
-Unlimited PTO
-Performance bonuses
-Remote work options
-Free snacks
-Discounts on cell phone plans

Want to learn more?
Head on over to http://www.nielsen.com/ for more info on the company.

KnowBe4

Top 10 Tech Companies To Work For In Tampa - KnowBe4

What they do: 
KnowBe4 is the world’s most popular integrated Security Awareness Training and Simulated Phishing platform with over 17,000 customers. Based on Kevin Mitnick’s 30+ year unique first-hand hacking experience, you now have a platform to better manage the urgent IT security problems of social engineering, spear phishing and ransomware attacks.

With world-class, user-friendly new-school Security Awareness Training, KnowBe4 gives you self-service enrollment, and both pre-and post-training phishing security tests that show you the percentage of end-users that are Phish-prone. KnowBe4’s highly effective, frequent, random Phishing Security Tests provide several remedial options in case an employee falls for a simulated phishing attack.

Why they’re great to work for:
Won 1st place for the 2017 Tampa Best Places To Work – Midsize Business Category. Earnings are uncapped, everybody gets a bonus at the end of the quarter if the company did well, they love promoting from within, and the dress code is quite relaxed. The office is in Clearwater, real close to the beach – the view is insaaaane. Oh, and there’s rooftop cornhole, so…


On the benefits side, they offer:
-100% covered Medical
-Unlimited PTO
-401k plan
-Free snacks
-In-office Yoga on Wednesdays
-Lots of team-building activities, Holiday parties, movies, dinner cruises, howl-o-scream tickets, catered lunches, beach parties, etc.
-Free gym membership

Want to learn more?
Go to https://www.knowbe4.com to find out more about this awesome Clearwater company.

Powerchord

Top 10 Tech Companies To Work For In Tampa - Powerchord

What they do:
PowerChord’s digital platform helps manufacturers grow online engagement and in-store sales through their dealer networks.

Working with leading brands from around the world, they’ve combined years of industry expertise with advanced technology to provide easy-to-use, scalable tools that help your dealers compete against large, online retailers.

They are a team of forward thinkers, happy hour enthusiasts, musicians, and results-driven marketers dedicated to helping consumers find and engage with your brand.

Their office is home to innovative ideas, impromptu jam sessions, and a group of individuals with spirited ‘can do’ attitudes.

Why they’re great to work for:
Good culture with lots of company events, like Rays games, Halloween celebrations, birthday celebrations, shuffleboarding outings, etc.

Top 10 Tech Companies To Work For In Tampa Top 10 Tech Companies To Work For In Tampa

Benefits:
-Medical
-IRA with 3% company match
-14 days PTO your first year, and an additional 2 days every year after
-Free snacks
-Relaxes dress code
-Company events like tech talks and happy hours
-Relaxed management (read: no micromanagement)

Want to learn more?
Go to https://www.powerchord.com to read more about the company culture and what they do.

The HOTH

Top 10 Tech Companies To Work For In Tampa - The HOTH

What they do:
The HOTH is a white-hat SEO leader. They provide SEO services such as guest posts, link building, press releases, local business packages, on-page optimization, keyword research, blog post writing, video, etc – all at affordable prices, and with insane results.

They continue to develop constant upgrades and testing to ensure the best possible results. You can find them at national and international tradeshows like SMX, BrightonSEO, Pubcon, AdTech, Affiliate Summit, and their own HOTHCON!

Why they’re great to work for:
Office dogs, yacht days, conferences, a company kickball team, the list goes on and on. The HOTH seems more like a family than anything else.

Top 10 Tech Companies To Work For In Tampa - The HOTH Top 10 Tech Companies To Work For In Tampa - The HOTH

Benefits:
-75% covered Medical
-Vision
-2 weeks of PTO
-Company-wide bonuses
-Flexible hours, and remote days
-Free lunch on Fridays
-Free snacks
-Dog friendly – yes, you can bring your dog to work
-Wellness plan options: gym membership, yoga studio membership, or monthly massage program
-Awesome office with standing desks, swinging chairs, etc – they actually made Tampa Bay Business Journal’s coolest office spaces
-Cool team-building events and huge holiday parties

Want to learn more?
Go on over to https://www.thehoth.com/ to learn more about The HOTH’s incredible growth history. You’ll need to create an account to access parts of the site, but it’s worth it. If your company needs any SEO services, they actually have some cool free services, and the blog is a fount of free knowledge. Their paid services are quite affordable as well.

Greenway Health

Top 10 Tech Companies To Work For In Tampa - Greenway Health

What they do:
Greenway Health connects providers to the right information and insights, at the right place and time, so they can make patient-driven care a reality while navigating the ever-changing healthcare system. Their mission is to expand possibilities in care. They’re contributing to the success of customers in ways no one else in the industry is. They focus on these 3 areas:

Designing solutions and services that delight
Inspiring practice transformation
Restoring the care in healthcare

Top 10 Tech Companies To Work For In Tampa - Greenway Health

Why they’re great to work for: 
-Great salaries
-Medical, Dental and Vision
-401k plan
-15 days PTO
-Health Savings Account
-On-site gym
-Free snacks
-Flexible hours
-Frequent cultural events, like employee picnics, company lunches, volunteer events, etc
-Wellness programs where participants get discounts on their health insurance
-They also have a cool walking club where employees meet weekly and earn points for walking

Want to learn more?
Go to https://www.greenwayhealth.com – they have a whole sections on their benefits, cultural values, etc., and you can learn so much about the company. They’re doing something great for the healthcare system.

Sourcetoad

Top 10 Tech Companies To Work For In Tampa - Sourcetoad

What they do:
Sourcetoad is a technology consulting and software development firm. Their domain expertise in cruise software has helped their clients launch complex projects around shore excursions, hotel booking, onboard management, and customer-facing web and mobile applications.They specialize in large-scale infrastructure projects with lots of moving parts. Middleware applications controlling large IoT rollouts? They do that. Mobile apps that connect to 12 APIs through a custom control system? Yup. Data collection from 20 distinct government databases to produce water-quality scores for an entire county? You get the pattern.

Why they’re great to work for: 
OFFICE DOGS. Gaming room. Company-sponsored trainings. Opportunities to go on cruises when a new deployment is being done.

Top 10 Tech Companies To Work For In Tampa - SourcetoadTop 10 Tech Companies To Work For In Tampa - Sourcetoad

Benefits:
-Medical, Dental and Vision benefits
-401k plan with company match
-Flexible PTO
-Cool office with gaming systems on site
-Fun events like catered lunches, parties, etc

Want to learn more?
Head over to https://www.sourcetoad.com/ to learn more about this company.

Pikmykid

Top 10 Tech Companies To Work For In Tampa - Pikmykid

What they do:
PikMyKid is the first and only smart dismissal solution and car line management tool for school districts, charter / private schools, after-school programs, YMCA’s, bus transportation, and daycare facilities. It connects schools, teachers, and parents through real-time tools to make dismissals safer and more efficient. Schools subscribe to PikMyKid for a small annual fee. The App is free for teachers and parents to use!

Why they’re great to work for: 
Along with generous salaries, pikmykid offers many benefits, both standard and culture-based.

-50% covered Medical and Dental
-14 days PTO
-Great office space with amenities like:
-Gym corner
-Unlimited snacks
-Fully-automatic espresso and cappuccino machine
-Free onsite parking
-Free gourmet lunch every Friday
-Collaborative work space
-Employee stock options offered after 6 months of employment
-Flexible working hours – make your own schedule

Want to learn more?
Head on over to https://www.pikmykid.com to discover more information about pikmykid.

Symphonic Distribution

Top 10 Tech Companies To Work For In Tampa - Symphonic Distribution

What they do:
Symphonic Distribution is a 100% independent music distribution and marketing company founded by music producer Jorge Brea in 2006. Headquartered in Tampa, FL with offices in major music markets throughout the world, Symphonic provides thousands of new and established record labels, managers and individual artists with global digital music distribution to hundreds of retail and streaming platforms, as well as playlist pitching, release promotion, and a comprehensive suite of label services.

Artists and Record Labels that have had their content distributed through Symphonic Distribution include: Bassnectar, Deadmau5, Waka Flocka Flame, Datsik, The Movement, Tommie Sunshine, Richie Hawtin, Play Me Records, Moody Recordings (Bad Boy Bill), and many more of various genres and music focuses.

Why they’re great to work for: 
The company is currently seeing a great amount of growth, and the culture remains the shining star; the company does cool stuff like Kart racing days, park days, brew bus, etc. So you know how in May, there are 2 super important holidays? May the 4th and Cinco de Mayo? Well, they combined both last year and made it their first annual Margarita Wars day. See picture to the left. The picture to the right is a booze cruise (well, really, it was a pedal boat cruise) they did on Tampa river. Pretty darn cool.

Top 10 Tech Companies To Work For In Tampa - Symphonic Distribution Top 10 Tech Companies To Work For In Tampa - Symphonic Distribution

On the benefits side, they offer:
-50% covered Medical and Dental
-100% covered Vision, Short and Long Term Disability
-PTO accrued on every paycheck, including new employees
-1 week additional PTO during Christmas holiday (does not affect PTO)
-401k plan with 3% match

Want to learn more?
Visit them at http://symphonicdistribution.com.

Gooee

Top 10 Tech Companies To Work For In Tampa - Gooee

What they do:
Gooee is deployed via Lighting-as-a-Host to dynamically capture building activity data.

Gooee’s Data Brain drives software applications for building-occupiers, property owners, and managers around 3 core areas: Lighting Control and Analytics, Beacon Networking + Space and Occupancy Analytics.

Their IoT ecosystem provides wireless lighting control and a full stack data and analytics platform to capture the 4 dimensions of building activity data: people, objects, place and time.

Why they’re great to work for:
HOW COOL IS THIS COMPANY?! Gooee was founded in 2014 and they’ve already seen explosive growth. They invent their solutions, and have grown their portfolio of patents to over 20. We see great things in the future for Gooee, as they’ve made themselves the leader in this niche. The company’s culture is pretty awesome. It’s not unheard of that the entire St. Pete office will leave together to go have lunch. The employees also have creative time where they can work on fun stuff not related to their current projects. Plus, they support awesome causes – they recently worked with Suncoast Developers Guild to help kids learn to code.

Top 10 Tech Companies To Work For In Tampa - Gooee Top 10 Tech Companies To Work For In Tampa - Gooee

Let’s talk benefits:
-Medical, Dental, and Vision benefits
-15 days PTO + separate sick day quota
-401k plan
-Exciting startup, strong cross-team collaboration
-Hack days
-Stock options
-Flexible working environment; remote working, flexible hours
-Open to experimenting with new technology and concepts
-Regular team-building and socializing
-Dev expo attendance budget

Also, look at their office. The space is absolutely gorgeous.

Top 10 Tech Companies To Work For In Tampa - Gooee

Want to learn more?
Go to their website to find out more about the coolest niche everhttps://gooee.com.

MolecularMD and Genoptix Enter into a Definitive Agreement to Market the MRDx® BCR-ABL Test, a Companion Diagnostic for Treatment-free Remission in Ph+ CML-CP Patients Treated with Tasigna®

Source:  MolecularMD

PORTLAND, OR and CARLSBAD, CA – June 4, 2018 – MolecularMD Corporation and Genoptix, Inc. announced today that they have entered into an exclusive agreement to market and perform diagnostic testing services and distribution of the MRDx® BCR-ABL Test. The MRDx® BCR-ABL Test is a companion diagnostic that is indicated as an aid in identifying Ph+CML patients in the chronic phase who are on Tasigna®* and are candidates for the initiation and monitoring of Treatment-free Remission. The test received  FDA authorization in December 2017 in concordance with the priority review and subsequent label update for the Novartis drug Tasigna, the first and only CML therapy with Treatment-free Remission data in its label. Under the terms of the agreement, Genoptix will exclusively provide MRDx Testing Services and Kits in the United States market.

Treatment-free Remission (TFR) is the ability for eligible patients to sustain major molecular response (MMR) or deep molecular response (DMR) after discontinuing Tasigna, an FDA-approved BCR-ABL tyrosine kinase inhibitor (TKI)1. These patients no longer take daily oral therapy but continue to be actively managed through frequently-scheduled monitoring of molecular response with the MRDx BCR-ABL Test.

The MolecularMD MRDx BCR-ABL Test was clinically validated in conjunction with the ENESTfreedom and ENESTop clinical studies. These trials evaluated the potential to maintain deep molecular response (DMR) after stopping Tasigna therapy among eligible patients 18 years of age or older with Ph+ CML-CP. The trials demonstrated that nearly half of the Ph+ CML-CP patients who discontinued Tasigna remained in TFR nearly two years after stopping treatment.

Genoptix is one of the largest hematopathology centers in the U.S. and is a leading clinical oncology laboratory specializing in hematology and solid tumors. For nearly 20 years Genoptix has served cancer care teams and over 1.7 million patients by delivering fast, accurate vital answers about diagnosis and treatment in hematology and oncology.

“Genoptix is a recognized leader in personalized and comprehensive oncology diagnostic services.  The addition of MolecularMD’s MRDx BCR-ABL Test as a Companion Diagnostic with Tasigna enhances Genoptix’s portfolio of minimal residual disease (MRD) clinical monitoring tools and strengthens our position as a leader in hematology oncology,” said Joseph M. Limber, President & Chief Executive Officer, Genoptix.

“Following MolecularMD’s FDA authorization of the MRDx Test for TFR, the commercial partnership with Genoptix will provide broad market access and ensure that CML patients and their healthcare providers receive timely and accurate test results in the management of therapy discontinuation,” stated Dan Snyder, CEO of MolecularMD.

About MolecularMD

MolecularMD Corporation is a diagnostics company that enables the development and commercialization of precision medicines in oncology. Its tests are designed to allow appropriate selection, monitoring and management of patients treated with molecularly-targeted and immuno- cancer therapies. MolecularMD integrates gold standard and innovative platform technologies with custom clinical assay design and validation to accelerate all phases of clinical development, including FDA approval and commercialization of in vitro companion diagnostic tests for novel anticancer agents. MolecularMD is the exclusive manufacturer of the MRDx BCR-ABL Test. For more information, please visit wwwmolecularmd.com and www.mrdxtest.com.

About Genoptix, Inc.

Genoptix is a leading clinical oncology laboratory specializing in hematology and solid tumors, and operates one of the largest hematopathology centers in the U.S. It provides personalized and comprehensive diagnostic services to hematologists, oncologists and pathologists, with a specialization in diagnosing cancers and disorders in bone marrow, blood and lymph nodes, as well as in solid tumor workups using molecular testing. Through an integrated approach to case management, Genoptix delivers individualized, actionable results for each patient to help the referring physician make the best treatment decision. Genoptix is a portfolio company of Ampersand Capital Partners and 1315 Capital. For more information, please visit www.genoptix.com.

Notes: Genoptix is a registered trademark of Genoptix, Inc. Any other names of actual companies, organizations, entities, products or services may be the trademarks of their respective owners.

*Tasigna is a registered trademark of Novartis AG.

References:

1.Tasigna (nilotinib) Prescribing Information. East Hanover, New Jersey, USA: Novartis Pharmaceuticals Corporation; December 2017.

 

Symphonic Distribution Makes Senior Hires in New York and Los Angeles

Source / by:  MusicBusiness Worldwide

Independent distributor Symphonic Distribution has hired former Orchard exec Nick Gordon and Jaime Feldman, who previously worked at Universal Music, in the US.

Gordon joins the company as Chief Client Officer & GM in New York.

He was previously VP, Client Services at The Orchard, and was pivotal to the company’s client and technology growth that led to its acquisition by Sony Music.

Prior to that, Gordon was a Distributed Labels Manager at Caroline Distribution, where he focused on hip-hop and electronic music clients.

In his new role, he is tasked with defining Symphonic’s core client strategy and expanding the company’s footprint in New York.  

As Content Development Specialist, Feldman is Symphonic’s first hire in Los Angeles.

He was previously Senior Director, A&R at Universal Music and Director, A&R at Capitol Music.

In his new role, Feldman is tasked with growing Symphonic’s client roster in Los Angeles and drawing from his experience to shape its future A&R strategy.

Jorge Brea, CEO of Symphonic Distribution, said: “I am thrilled to have Nick as a part of Symphonic.

“NICK BRINGS A TREMENDOUS AMOUNT OF EXPERIENCE, ENERGY AND CREATIVITY TO THE ORGANIZATION AND HAVING JAIME AS A PART OF SYMPHONIC WILL HELP [US] REACH NEW HEIGHTS.”

JORGE BREA, SYMPHONIC DISTRIBUTION

“He brings a tremendous amount of experience, energy and creativity to the organization and will help make the New York region a major and important part of the company’s future.

“Alongside Nick, having Jaime as a part of Symphonic will help the organization reach new heights and connect us to a new and exciting client base.

“Jaime’s experience and track record speaks for itself and we’re excited to see what he will contribute to us.”

Gordon said: “I’m delighted to be joining Symphonic at this exciting moment in their trajectory.

“Jorge and his team have built an amazing foundation, and I’m excited to help them build a growth strategy that aligns with the current needs of the independent artist and music community.”

Feldman added: “I’m tremendously excited to come on board at Symphonic at a key time for them and help add to the growth and prosperity they have seen over the past several years.

“At a time in the music business when artists and independent labels have thrived the most outside of the major label system, Symphonic is a great company for those that wish to keep their autonomy yet have a stellar team behind them to support in every way possible.”

Behind the deal: Two Orlando biz owners share thoughts on being acquired and landing equity

SOURCE:  Orlando Business Journal 

By Matthew Richardson  – Staff writer, Orlando Business Journal

Orlando Business Journal zeroed in on two M&A deals in Central Florida, talking to the top local executives to get insights on what led to the decision to sell their companies — or a majority stake in it — and more:

Josh Brown, founder and CEO, PowerDMS

What led to the decision to form a partnership with Frontier Capital? We were about three years into our investment with Ballast Point Ventures and we saw a lot of growth through that investment. We were aware of the market opportunity for software and services companies. We serve a very niche customer base, like law enforcement. The knowledge of the growth and being well-connected to the opportunity that was in front of us in terms of the market as it was scaling helped us know it was the right time.

Full text here

Ballast Point Ventures Announces Majority Recapitalization of PowerDMS

Ballast Point Ventures III, LP (“BPV”) is pleased to announce that Frontier Capital has led a majority recapitalization of its portfolio company PowerDMS, an Orlando-based policy management software company. BPV invested in PowerDMS in 2014 to help the Company grow its sales and marketing team and further enhance its technology platform by offering new features to its customer base.

Founded in 2001 by Chief Executive Officer Josh Brown, PowerDMS offers a software as a service, cloud-based compliance and content management solution that helps organizations reduce risk and liability. The Company provides software tools to organize and manage all of a company’s critical documents and respective industry accreditation standards, as well as allow for training and testing of employees. PowerDMS serves customers in law enforcement, public safety, and healthcare and has achieved significant organic growth in these markets during BPV’s investment period.

Robert Faber, a Partner with BPV, will continue to serve on PowerDMS’s board of directors subsequent to the majority recapitalization. He remarked, “We are very pleased to have partnered with Josh Brown and his team as they have built a successful software company in Florida. We are proud of the growth that PowerDMS has shown during our investment period and want to thank Josh and his team for their excellent work since we invested. We think that PowerDMS has found a great partner in Frontier Capital to help the Company reach its goal of being the market leader in crucial content management, and we are excited about remaining shareholders for the next leg of the journey.”

“Ballast Point Ventures has been a great partner throughout our relationship. Their expertise and thoughtful leadership helped us mature without compromising our culture or customer satisfaction,” said Josh Brown, Founder and CEO of PowerDMS. “The team at BPV was immensely helpful in bringing its strong Florida network to bear as we scaled our operations, and we added numerous key team members as a result of BPV’s introductions. Now, with Frontier Capital as a partner, we are enthusiastic to expand this growth and continue to provide our customers with a world-class product.”

About PowerDMS
PowerDMS, headquartered in Orlando, Florida, is a cloud-based policy management software company. The platform provides practical tools to organize and manage crucial documents and industry standards, train, and test employees, and uphold proof of compliance, thereby helping organizations reduce risk and liability. PowerDMS simplifies document management through powerful collaboration, process, and automation. For more information on PowerDMS, please visit https://www.powerdms.com/

About BPV
Ballast Point Ventures, headquartered in Tampa, Florida, is a later stage venture capital and growth equity firm founded in 2002 to provide expansion capital for rapidly growing, privately owned companies, with a particular emphasis on companies located in the Southeast and Texas.  The BPV partners have more than 80 years of combined experience investing in and building high-growth companies in several industries, including health care, software, technology-enabled business services, communications, and consumer. BPV has $360 million under management and seeks to make initial equity investments ranging in size from $4 million to $10 million. For more information on Ballast Point Ventures, please visit http://ballastpointventures.com/

MolecularMD obtains FDA Authorization for the MRDx® BCR-ABL Test as a Companion Diagnostic for Treatment-Free Remission in Ph+ CML-CP Patients Treated with Tasigna

SOURCE: MolecularMD

Portland, Oregon and Cambridge, Massachusetts – December 22, 2017

MolecularMD Corporation, a  diagnostics company that enables the development and commercialization of precision medicines in oncology, announced today the FDA authorization of the MRDx® BCR-ABL Test as a companion diagnostic. The MRDx Test is indicated as an aid in identifying Philadelphia chromosome positive (Ph+) Chronic Myeloid Leukemia (CML) patients in the chronic phase being treated with Tasigna®* (nilotinib) capsules who may be candidates for treatment discontinuation and for monitoring of treatment-free remission (TFR).

TFR is the ability for eligible patients to sustain major molecular response (MMR) or deep molecular response (DMR) after discontinuing Tasigna, an FDA-approved BCR-ABL tyrosine kinase inhibitor (TKI)1. These patients no longer take daily oral therapy but continue to be actively managed through frequently-scheduled monitoring of molecular response with the MRDx BCR-ABL Test.

The TFR data in the Tasigna label approved by the FDA includes the use of the MolecularMD MRDx BCR-ABL Test in the ENESTfreedom and ENESTop clinical studies. These trials evaluated the potential to maintain deep molecular response (DMR) after stopping Tasigna therapy among eligible patients 18 years of age or older with Ph+ CML-CP. The trials demonstrated that nearly half of the Ph+ CML-CP patients who discontinued Tasigna remained in TFR nearly two years after stopping treatment. Among patients who did lose molecular response during the TFR phase of the trials, nearly all regained MMR when Tasigna therapy was promptly reinitiated1.

Now that the  inclusion of TFR data has been approved for Tasigna under priority review within first-line and second-line settings, discontinuation of daily oral therapy with Tasigna is a new option for physicians and their patients.  “This is a major advancement in CML treatment practice. The Tasigna label update represents a new milestone, which may significantly impact thousands of patients,” reflected Dan Snyder, CEO of MolecularMD.  “The FDA authorized MRDx BCR-ABL Test ensures that physicians have the information needed to identify  patients that meet the stringent eligibility criteria to attempt TFR and provides the robust sensitivity and accuracy necessary for monitoring minimal residual disease with confidence.”

Experts from The National Comprehensive Cancer Network® (NCCN®) have published treatment guidelines for physicians who treat CML2. These treatment guidelines suggest the best practice for cancer care, including criteria to select patients suitable for a TFR attempt. The duration of a molecular response is viewed as one of several critical aspects to patient management1. MolecularMD’s MRDx Test is the only test authorized by the FDA for monitoring deep molecular response for TFR patients as a result of the analytical and clinical validation data demonstrated in the ENESTfreedom and ENESTop clinical studies1.

MolecularMD is the exclusive manufacturer of the MRDx BCR-ABL Test and intends to provide  the companion diagnostic kit to reference laboratories that support their clinicians practicing TFR. MolecularMD has also received CE Marking for the MRDx Test, making it broadly accessible to clinicians and CML patients.

*Tasigna is a registered trademark of Novartis AG.

References:

1. Tasigna (nilotinib) Prescribing Information. East Hanover, New Jersey, USA: Novartis Pharmaceuticals Corporation; December 2017.

2. NCCN Clinical Practice Guidelines in Oncology (NCCN Guidelines). CML. Version 1.2018

Fast-growing Tampa digital firm snares $4 million local venture investment

Ballast Point Ventures has invested in Symphonic Distribution Inc.

The $4 million is the first outside capital invested in Symphonic, based in Tampa and one of the largest independent music companies in the industry.

Symphonic, which partners with Apple Music, Spotify, Amazon, Pandora and others, provides new and established record labels and individual musicians with digital music distribution tools that allow content creators to quickly and cost effectively distribute their music to major music consumption platforms.

Full Article: Tampa Bay Business Journal

Ballast Point Ventures Announces Successful Exit From TicketBiscuit

Tampa, FL – October 30, 2017

Ballast Point Ventures III, LP (“BPV”) is pleased to announce that it has successfully exited its growth equity investment in TicketBiscuit, a Birmingham-based online ticketing and event platform, through an acquisition by eTix. BPV invested in TicketBiscuit to help the Company grow its salesforce, bolster marketing efforts, and develop additional technology products.

Founded in 2001 by Chief Executive Officer, Jeff Gale, TicketBiscuit has a rich history of pioneering innovations in online ticketing, including mobile ticketing, seatPOWER® high-demand reserved seating, and Share and Tear® scanner-free admission control. TicketBiscuit provides a suite of ticketing software and services to music venues, comedy clubs, festivals, event centers and many other attractive niche vertical markets across the country, and experienced strong organic growth in these markets during BPV’s investment period.

Robert Faber, a Partner with BPV, served on TicketBiscuit’s board of directors prior to the acquisition. He remarked, “We are pleased to have partnered with the outstanding management team at TicketBiscuit and appreciate their excellent work in creating substantial value for all the shareholders. TicketBiscuit fits the profile of the type of well-managed, rapidly growing firms in the Southeast with which Ballast Point Ventures seeks to partner.  In addition, we were pleased to be a part of helping to build a successful company in the burgeoning Birmingham technology community where our firm has deep ties and interest.”

“Our team has worked relentlessly to build and support cutting edge technology and provide the best ticketing experience on the planet, and we are pleased to see that hard work pay off in a compelling combination with eTix” said Jeff Gale, Founder and CEO of TicketBiscuit. He continued, “Ballast Point Ventures was a great partner for us at our stage of development, and we greatly enjoyed working with Robert and the team at BPV.”

About TicketBiscuit
Headquartered in Birmingham, AL, TicketBiscuit provides proprietary software that powers the online ticket sales of over 2,000 clients and partners across North America and around the world. TicketBiscuit’s complete suite of services and solutions empowers clients to sell tickets online through mobile optimized websites, telephone call center, and the TicketBiscuit web-based box office interface.  For more information on TicketBiscuit, please visit http://www.ticketbiscuit.com

About BPV
Ballast Point Ventures, headquartered in Tampa, Florida, is a later stage venture capital and growth equity firm founded in 2002 to provide expansion capital for rapidly growing, privately owned companies, with a particular emphasis on companies located in the Southeast and Texas.  The BPV partners have more than 80 years of combined experience investing in and building high-growth companies in several industries, including health care, software, technology-enabled business services, communications, and consumer.  BPV has $360 million under management and seeks to make initial equity investments ranging in size from $4 million to $10 million. For more information on Ballast Point Ventures, please visit http://ballastpointventures.com/

MolecularMD Announces Partnership with Indica Labs

SOURCE: StockGuru.com

PORTLAND, Ore. and CAMBRIDGE, Mass., Sept. 28, 2017 (GLOBE NEWSWIRE) — MolecularMD, a provider of molecular and tissue-based clinical trial assays and diagnostics for oncology based drug development programs, has announced a partnership agreement with Indica Labs, a leader in digital pathology imaging tools and services.

The collaboration between the companies leverages MolecularMD’s diagnostic clinical testing solutions with Indica Labs’ digital biomarker analysis services to enable an efficient transition of pre-clinical research to the diagnostic setting and deployment of advanced image analysis workflows. Mindful that many of its clients are using Indica Labs’ products and services, MolecularMD envisions the partnership will facilitate seamless transition of image analysis methods to the clinical trial setting for accelerated drug development programs.

“Indica Labs’ HALOTM image analysis software and the HALO LinkTM image management system provides advanced image analysis capabilities in a global collaborative environment,” said Doug Bowman, Vice President of Pharma Services at Indica Labs.  “This agreement will allow our clients to take advantage of MolecularMD’s capabilities, and MolecularMD’s clients to develop quantitative assays to better understand biomarker expression levels and spatial relationships relative to the tissue microenvironment.”

“The agreement will provide our clients with integrated genomic and phenotypic biomarker analyses that are crucial for accurate and effective patient stratification,” said Dan Snyder, President and Chief Executive Officer at MolecularMD.

“Indica Labs fills our clients’ needs for digital biomarker analysis and enhances our proposition to immuno-oncology development programs. These capabilities will provide unique advantages and accelerate pipeline decisions. The use of advanced algorithms for IHC data interpretation holds the possibility of improved patient outcomes,” said Snyder.

Indica Labs will attend the Pathology Visions 2017 Conference; which brings together the luminaries and key opinion leaders in digital pathology. More information about the partnership can be found at the Indica Labs Booth #7. Pathology Visions 2017 will be held from October 1-3, 2017 in San Diego at the Manchester Grand Hyatt. For more information about Pathology Visions 2017, click here.

About MolecularMD
MolecularMD Corporation develops and commercializes specialty molecular diagnostics for oncology applications. Its tests are designed to allow appropriate selection, monitoring and management of patients treated with molecularly-targeted cancer therapies. MolecularMD integrates gold standard and innovative platform technologies with custom clinical assay design and validation to accelerate all phases of clinical development, including FDA approval and commercialization of in vitro companion diagnostic tests for novel anticancer agents. A private company based in Portland, Oregon, MolecularMD was founded by Dr. Brian Druker, director of the Knight Cancer Institute at Oregon Health & Science University, and Sheridan G. Snyder, entrepreneur and founder of Genzyme Corporation.  Learn more at www.molecularmd.com

Contact Information:
Fritz Eibel, SVP and Chief Marketing Officer
feibel@molecularmd.com

About Indica Labs
Indica Labs is the first company to offer tissue specific and application specific image analysis algorithms in a truly integrated digital pathology environment. Pharmaceutical, healthcare, and research organizations worldwide utilize Indica tools for high-throughput, whole-slide image quantification in areas such as neuroscience, metabolism, oncology, toxicological pathology, and more. Learn more at www.indicalab.com

Contact information:
Douglas Bowman, VP of Pharma Services
dbowman@indicalab.com

© 2018 Ballast Point Ventures. All rights reserved.