Durham animal diagnostics company raises $6 million
DURHAM – A Durham-based company has raised $6 million toward the launch of an on-farm diagnostic developed to detect mastitis, an infection of the milk-producing glands, in dairy cows.
Advanced Animal Diagnostics has closed Series B financing from the Durham-based venture capital investment firm Intersouth Partners, Novartis Venture Funds, and private investors, according to a news release from the company.
The company will use the money to help launch its mastitis test and automated on-farm lab system, which was developed for the on-farm processing of the tests. It also plans to use some funding to develop new tests.
Joy Drach, company president and CEO, said in an email that the company is preparing for its first commercial shipment of the test at the end of the month. The test is the company’s first marketed product. It was developed to provide the ratio of three white blood cells in the milk of each quarter to detect the presence of subclinical mastitis before symptoms are visible.
The company said in the release that performing the test at critical times during the lactation cycle could allow the farmer to intervene, leading to better animal health and milk quality.
“I understand how frustrating and costly it is to wait for lab results,” said Ben
Shelton, owner of Rocky Creek Dairy and Rocky Creek Veterinary Service, in the news release. He’s also a board member at Advanced Animal Diagnostics. “Producers need fast diagnostic information on the farm that’s cost-effective enough to use widely, and that’s what this funding will help ensure.”
SMT launches design firm
DURHAM – Durham-based SMT, or SportsMedia Technology, announced the launch of (n+1)designstudio, a graphics design company for TV broadcasters and related sports and entertainment organizations.
The subsidiary integrates its work into the TV broadcast graphics packages for SMT and other clients, according to a news release. The firm does creative development work, brand specialization, motion-graphic design, two- and three-dimension animation, graphic-insert packages, video editing and other work.
SMT provides statistics and video enhancement software to broadcasters of live sports events and entertainment broadcasts. Last year, the company announced the acquisition of the Jacksonville, Fla.-based Information and Display Systems LLC, or IDS, which focused on the collection and creation of information for live sports events.
Patricia Hopkins, vice president of marketing for SMT, said that the firm is meant to have a variety of offerings so it can provide graphics from the creative design process to implementation.