Precision for Medicine

Precision for Medicine

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Private Company

Total funding raised: $225M

Overview

Precision for Medicine is a specialized, full-service CRO founded in 2012, headquartered in Bethesda, Maryland. It differentiates itself by combining deep expertise in oncology and rare diseases with integrated capabilities in translational science, biomarker development, global central lab services, and data intelligence. The company serves as a strategic partner for biopharma innovators, aiming to reduce development costs, increase the probability of regulatory approval, and accelerate time-to-market for complex therapies. Its recent recognition with a Fierce Biotech CRO Award underscores its focus on innovative solutions and operational rescue in high-risk trials.

OncologyRare DiseasesAutoimmuneGene TherapyCell Therapy

Technology Platform

Integrated ecosystem combining global central lab & specialty labs for translational/biomarker science, companion diagnostics (CDx) development, data intelligence (AI/ML analytics), and technology-enabled clinical trial operations.

Funding History

2
Total raised:$225M
Series B$150M
Series A$75M

Opportunities

Strong growth in precision medicine and advanced therapies (cell/gene) drives demand for integrated, specialist CRO services.
The trend of biotech outsourcing and dissatisfaction with large, impersonal CROs ('Big Five Fatigue') creates a niche for a responsive, scientifically deep partner.
Expansion of data intelligence and diagnostic capabilities offers further service differentiation and value capture.

Risk Factors

Intense competition from large, well-resourced global CROs also building precision medicine capabilities.
Revenue dependency on the funding cycle and pipeline success of biotech clients.
Operational risk associated with the high-complexity trials that form its core business, where failures could damage its reputation.

Competitive Landscape

Competes directly with large, full-service global CROs (e.g., IQVIA, Parexel, PPD) and large central lab companies (e.g., LabCorp, Q2 Solutions) that offer similar integrated suites. Differentiation is based on being 'right-sized,' with deeper therapeutic expertise in complex areas, more dedicated team resources, and a focus on integrated science over pure operational scale.