Strategic Collaboration Agreement is Aimed to Broaden the Availability and Access to Wellness Testing
Menlo Park, CA, and New York, NY USA December 12, 2017 - Drawbridge Health and Thorne Research announced today a strategic collaboration to enable wellness testing, anytime and anywhere, in the health and wellness market. The strategic collaboration will provide Thorne Research and its subsidiary WellnessFX access to Drawbridge Health’s proprietary technology solution to integrate blood draw, collection, and sample stabilization into a single device. Through the collaboration agreement, the companies will partner to develop solutions for improving the blood collection experience for health and wellness customers.
Thorne Research and WellnessFX are leaders in the health and wellness industry, providing health diagnostics technology platforms to their healthcare consumers - enabling them to take control of their well-being.
Drawbridge Health is developing a simple, comfortable, and convenient blood draw solution with the goal of broadening the availability and access to diagnostic testing and providing a convenient way to monitor overall health. Drawbridge intends to seek U.S. FDA clearance for the blood collection system.
Under the terms of the agreement, Thorne Research will receive exclusive rights to distribute and commercialize future Drawbridge Health products within the U.S. health and wellness industry. In exchange for these rights, Thorne Research has agreed to a multimillion dollar investment into Drawbridge Health and Paul Jacobson, CEO of Thorne Research, joins the Drawbridge Board of Directors.
“We are extremely excited about bringing this game-changing blood collection technology to our customers,” said Paul Jacobson. “The blood draw experience has long been the Achilles’ heel in the health and wellness market and we believe the Drawbridge solution has the potential to both improve the customer experience and provide health insights to more patients than ever before.”
“Our strategic collaboration with Thorne brings tremendous value and validation to the Drawbridge platform,” said Lee McCracken, CEO of Drawbridge Health. “Partnering with a proven leader in the health and wellness industry opens the door to significant opportunities within this important and rapidly growing market segment. We certainly welcome the addition of Paul Jacobson to our Board.”
About Drawbridge Health
Drawbridge Health is focused on enabling personal diagnostic testing - anytime, anywhere. By integrating engineering and proprietary chemistries, Drawbridge is developing a people-friendly system for collecting and stabilizing blood samples, opening new doors to enable access to important health information. At Drawbridge Health, we’re innovating new ways to put health in your hands. For more information, please visit www.drawbridgehealth.com.
About Thorne Research
Thorne is a health and technology company that is disrupting prevention and wellness. By combining dietary and lifestyle recommendations with nutritional supplement intervention, Thorne is at the forefront of personalized health, with a mission to help consumers take control of their own health and live a healthy life. Thorne provides at-home blood biomarker tests to bring the doctor to the consumer’s home. By leveraging its sophisticated analytical software, Thorne helps consumers uncover health insights and confidently take action to optimize healthier outcomes. Based on individual test results, Thorne’s technology and team can deliver a personalized plan on what to eat, how to exercise, and what Thorne supplements to take.
Thorne is the only supplement manufacturer to collaborate with Mayo Clinic on wellness research and content, and is the proud partner of a number of U.S. National Teams, including U.S. Soccer, USA Hockey, USA Triathlon, and USA Rowing. Thorne is one of the fastest growing supplement companies, and is rated the top practitioner-dispensed brand among 30-40 year-olds. For more information visit www.thorne.com.
WellnessFX provides consumers convenient direct access to comprehensive testing, thereby enabling individuals to assess and improve overall health and wellness. Through an intuitive desktop and mobile app, consumers can easily schedule blood, genetic and microbiome (coming in 2018) testing, understand the data, and choose consults with a variety of practitioners to review those results. Tracking those results over time allows consumers to establish a baseline, make lifestyle changes and easily monitor improvements in personal health and wellness. This same set of services is available to corporate partners through our employer wellness offering, empowering employers to help their employees improve health and wellness driving health care costs lower. For more information visit www.wellnessfx.com.