InformedDNA receives $3M infusion

ST. PETERSBURG — InformedDNA has received a $3 million infusion from a venture capital firm to expand its reach in the emerging field of personalized medical services.

In turn, the company has given MPM Capital, a life sciences-dedicated venture investment firm, a minority stake in the St. Petersburg-based company, which provides genetic counseling and genetic benefits management.

InformedDNA, which contends it's the largest independent provider of those services, will add specialty genetic services for the pharmaceutical industry.