IDEA Invent Ventures Inc New (PK)

Collaboration to Accelerate Individualized Medicine R&D and Improve Patient Engagement

SANTA MONICA, Calif. / ACCESSWIRE / May 19, 2014 / INVENT Ventures (OTCQB: IDEA), a venture firm that builds, manages, and invests in early-stage web and mobile technology companies, announced today that its portfolio company Sanguine Biosciences, Inc. (“Sanguine”) has secured an agreement with Mayo Clinic Bioservices.

Under this agreement, Mayo Clinic Bioservices will process, store and ship biospecimens collected by Sanguine for the purpose of developing new therapies. Mayo Clinic Bioservices will provide integrated laboratory services including specimen accessioning, processing, nucleic acid extraction, specimen tracking, storage and shipping. Mayo Clinic Bioservices is a new service from the Mayo Clinic Center for Individualized Medicine.

"Partnering with Mayo Clinic Bioservices dramatically increases the scalability of the Sanguine's business and furthers the company in its goal of improving efficiency in the development of personalized medical research," said Bryce Knight, CEO of INVENT Ventures. "Not only does this partnership benefit Sanguine and its clients which include 20 of the top 40 pharmaceutical and biotechnology companies, but more importantly it allows patients on its waiting list to participate in the research and development of new treatments."

Click here to access the full the press release - Sanguine to begin work with Mayo Clinic Bioservices.

About Sanguine

Sanguine is a technology company providing services to the personalized medicine and biomedical research market by efficiently collecting and providing biological specimens and data to companies and institutions developing new therapeutic solutions. The Company has developed a mobile application that enables medical technicians to locally collect blood samples and medical data directly from individuals interested in advancing the understanding and treatment of disease in the comfort of individuals' homes, as opposed to within the physician's office or hospital, an inefficient process that is currently delaying pharmaceutical research projects. For more information, please visit https://www.sanguinebio.com/.

About INVENT Ventures, Inc.

INVENT Ventures, Inc. (OTCQB:IDEA) is a venture firm that builds, manages, and invests in early-stage web and mobile technology companies.  INVENT is headquartered in Santa Monica, California in the dynamic Silicon Beach area. For more information on INVENT, visit http://www.invent.vc/. 

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IRTH

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idea@irthcommunications.com

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SOURCE: INVENT Ventures