Konica Minolta Precision Medicine Inc., the Aliso Viejo-based healthcare unit of Tokyo’s industrial imaging product giant Konica Minolta Inc., has added another company’s technology to its portfolio.
KMPM, formed in 2018 under Konica Minolta that includes longtime Aliso Viejo-based Ambry Genetics Corp. and Invicro LLC of Boston, recently announced the acquisition of the assets of Backpack Health, a secure mobile and web-based health data management platform.
Terms of the deal were undisclosed. Dover, Mass.-based Backpack raised some $8.4 million in funding through mid-2019, according to regulatory filings.
Backpack’s technology tool empowers patients “to securely store and manage their personal health information and automatically share with caregivers, as well as contribute authorized anonymized data to the research community,” according to a company statement.
The product should allow medical foundations to build patient engagement communities, and can be used by pharmaceutical research sponsors to support drug development research and clinical trials.
Backpack Health “is another key and unifying element of Konica Minolta Precision Medicine, allowing us to offer more opportunities to expand both our pharmaceutical and clinical services,” said Aaron Elliott, chief executive of Ambry Genetics.
“The platform nicely bridges the capabilities of KMPM and will better allow Ambry and Invicro to realize the synergies between them.”
Konica bought Ambry, a genetic diagnostics company, in 2017 for about $1 billion. The same year it also bought Invicro, a provider of imaging services and software for research and drug development.
