HandyLab
Company

Last deal

$19.2M

Amount

Series D

Stage

05.08.2008

Date

3

all rounds

$33.15M

Total amount

date founded

Financing round

General

About Company
HandyLab is a medical technology company that develops and manufactures molecular diagnostic assays and automation platforms.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2000

Number of employees

Company Type

For Profit

Last funding type

Series D

IPO status

Private

Description

HandyLab, based in Ann Arbor, Michigan, was founded in 2000 and acquired by Becton, Dickinson and Company in 2009. Their proprietary platform utilizes real-time microfluidic PCR technology to streamline and improve the quality of testing, aiming to decentralize nucleic acid testing. With a focus on clinical diagnostic markets, HandyLab is dedicated to offering low-cost, rapid nucleic acid and protein-based analysis systems.
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M&A Details
1

Acquired by

Becton, Dickinson and Company (BD)

announced date

23.10.2009

price

$275M

Financials

Funding Rounds
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3

Number of Funding Rounds

$33.15M

Money Raised

Their latest funding was raised on 05.08.2008. Their latest investor EDF Ventures. Their latest round Series D

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People

Founders
2
Sundu Brahmasandra
Sundu Brahmasandra

Sundu Brahmasandra

Sundu serves as the President of NeuMoDx Molecular. Most recently, he served as the President of Life Magnetics, Inc. a spin-out from the University of Michigan developing a novel, non-microscope based platform for real-time monitoring of cell growth, death and other binding events. Prior to Life Magnetics, Sundu served as a VP of R&D/Assay Development in the Infectious Disease division at BD Diagnostics. Prior to BD, Sundu was Co-Founder and V.P. Product Development of HandyLab, Inc., where he led the development & validation of the Jaguar molecular diagnostic platform as well as proprietary nucleic acid preparation technologies and a multitude of real-time PCR assays spanning molecular diagnostics, food-borne pathogen detection, GMO testing and other applications. HandyLab was acquired by BD in Nov 2009 for more than $275 million. Sundu received his BS from the Indian Institute of Technology, Chennai and a PhD in Chemical Engineering from the University of Michigan in 2001.

current job

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Sundu Brahmasandra

Kalyan Handique
Kalyan Handique

Kalyan Handique

"Handy" Handique founded HandyLab, a molecular diagnostic company, in 2000 while earning his Ph.D. in microfluidics at the University of Michigan. HandyLab was acquired by Becton Dickinson (BD) Diagnostic Systems for $275 Million. He then served as VP of R&D Systems Development for BD Diagnostics. He is currently the CEO of DeNovo Sciences, a cancer diagnostics start-up.

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Bio-Rad Laboratories

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Kalyan Handique

Employee Profiles
4
Sundu Brahmasandra

Sundu Brahmasandra

Co-Founder and V.P. Product Development

Steve Richvalsky

CFO

Activity

Recent News
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