ADVERSEEVENTS CLOSES $2 MILLION SERIES A FINANCING
CUTTING EDGE DRUG SAFETY SCORING, SIGNALING, AND SIDE EFFECT
ANALYTICS PLATFORM SECURES FUNDING TO EXPAND ROLL-OUT
SANTA ROSA, CALIFORNIA, April 16, 2014… AdverseEvents Inc., a healthcare informatics company
focused on drug safety and side effects, today announced the closing of $2 Million in Series A financing
led by Evaluate Ltd., a market intelligence leader in consensus forecasts and analysis of the life science
The investment bolsters AdverseEvents' mission to make post-approval drug safety data accessible,
actionable, and predictable and affirms the strong demand for its drug scoring, signaling and side effect
analytics platform. The proceeds will be used to expand the company's sales force and analyst teams, and
to continue to build its marketing presence among health insurers, health systems and hospitals.
Other significant investors in this round include:
• Trevor Fenwick, founder and Executive Chairman of Euromonitor International, the global
• Michael Tansey, former president and CEO of Jobson, the healthcare information provider and
former CEO of the Scientific and Healthcare group at Thomson Reuters, the global information
In conjunction with the financing, Jonathan de Pass, the founder and CEO of Evaluate and Michael Tansey
will be joining AdverseEvents' board of directors.
AdverseEvents' CEO Brian Overstreet commented, "We are pleased to welcome Evaluate and our other
new investors to the company. Just as we have been deliberate in our build out of the company's core
technology and product offerings, we've been careful in choosing the right partners for our future growth.
All of our new investors and new board members have well established track records in healthcare and
life science intelligence and we are confident that the company will benefit greatly from their direct
involvement going forward."
Recognized for its game-changing analytical tools, AdverseEvents has become one of the foremost
research authorities on drug side effects – publishing comparative drug studies, industry white papers,
topical special reports, and platform validating research papers in leading academic journals.
Commenting on behalf of the investor group, Jonathan de Pass said, "AdverseEvents has identified a major
gap in healthcare information and has built a lasting solution that will have far reaching implications for all
of the industry's participants. We fully support Brian and his team in their goal of making drug safety data
actionable and look forward to working with AdverseEvents to help further penetrate the core healthcare
markets in the U.S. and globally.
The healthcare industry readily acknowledges the need for information that can drive improved patient
outcomes and lower avoidable medical costs. Studies put the systemic cost of drug side effects at $27
billion per year. But despite this huge cost burden and a well-known need for a solution, to date there
has been nothing offered in the market that can help improve patient outcomes and lower related costs.
AdverseEvents' proprietary technology, analytics, and product platform are positioned to disrupt the entire
post-approval drug industry with the broad roll out of its service offerings, primarily designed for health
insurers, health systems, hospitals, and related service providers.
About AdverseEvents, Inc.
AdverseEvents, Inc. (AEI) is a California-based healthcare informatics company that improves patient
safety and reduces systemic healthcare costs through the comprehensive analysis of post-marketing drug
side effect data. Utilizing data-mining and analysis technology, through its proprietary RxSuite™ of
analytics, AEI makes post-marketing drug safety data accessible, actionable, and predictable.
In addition to managed care organizations, AEI also provides services to enterprise markets including the
pharmaceutical industry and financial institutions. For more information visit: www.adverseevents.com.
On Twitter: @AdverseEvent.
+ 1 917-842-5378
About Evaluate Ltd.
Evaluate is the trusted source for life science market intelligence, with exclusive consensus forecasts
to 2020. We support life science and financial institutions, consultancies and service providers in their
strategic decision-making. Our services are EvaluatePharma, EvaluateClinicalTrials and EvaluateMedTech.
Our editorial team, EP Vantage, leverages our strategic analysis to provide daily opinion and forward-
looking insights. For more information visit: www.evaluategroup.com. On Twitter: @EvaluatePharma.
+1 617 573 9458