News & Observer | newsobserver.com | Duke's Snyderman founds medical company

Published: May 14, 2008 12:30 PM
Modified: May 14, 2008 12:30 PM

Duke's Snyderman founds medical company

Story Tools

Advertisements
Dr. Ralph Snyderman, Duke University chancellor emeritus, has founded a medical research company in Durham that is attracting interest from several heavy hitters.

Proventys’ strategy is to generate and sell information that would allow physicians to provide more personalized care to their patients.

The company will be steered by a board of directors that includes Marc Owen, head of business development at San Francisco-based health care services and information giant McKesson, and David Lawrence, former chief executive of Kaiser Permanente, a leading managed care organization.

To get started, Proventys today announced it has attracted $5.65 million in private financing, led by Burrill & Co., a California venture capital firm with more than $950 million under management.

No comments have been posted for this story. Log in to be the first to comment.


The News & Observer is pleased to be able to offer its users the opportunity to make comments and hold conversations online. However, the interactive nature of the internet makes it impracticable for our staff to monitor each and every posting.

Since The News & Observer does not control user submitted statements, we cannot promise that readers will not occasionally find offensive or inaccurate comments posted on our website. In addition, we remind anyone interested in making an online comment that responsibility for statements posted lies with the person submitting the comment, not The News and Observer.

If you find a comment offensive, clicking on the exclamation icon will flag the comment for review by the administrators, we are counting on the good judgment of all our readers to help us.

Hosting Partners of
newsobserver.com

Member of the
Real Cities Network

A subsidiary of The McClatchy Company