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U of Arizona health care solutions start-up acquired by Tabula Rasa HealthCare

By Jesse Schwartz
Published: September 13th, 2017

University of Arizona (UA) spinoff SinfoníaRx has been acquired by Tabula Rasa HealthCare, a public healthcare company that provides personalized, data-driven technology solutions.

Launched in 2013 with the help of UA’s commercialization arm Tech Launch Arizona (TLA), SinfoníaRx provides high-quality solutions for health plans, patients and caregivers through its modern medication therapy management (MTM) services. The technology proactively evaluates hundreds of millions of prescriptions and medical claims each year to help reduce adverse effects among patients, improve medication adherence, and lower costs.

 “SinfoníaRx is a prime example of the practical impact research at a major university can have on people’s lives,” says UA president Robert C. Robbins. “This is both an economic development and a health care story as SinfoníaRx has employed thousands of pharmacists and pharmacy students across the country, preventing medication interaction errors. This is an incredible outcome, and I hope it inspires others at the UA.”

SinfoníaRx co-founder and CEO Fletcher McCusker comments, “With the help of TLA, we were able to take an inspired service built inside the College of Pharmacy and introduce Medication Management to the world as a private company. Since then, SinfoníaRx has exploded, thanks in large part to adding private sector hustle and investment to brilliant University of Arizona science and software.”

UA vice president David N. Allen says, “This was one of the first licenses undertaken by the then new Tech Launch Arizona, and through a multiparty structured auction approach we were able to identify the best team to develop the market and build value by working with UA. As we move forward, the university looks forward to continuing the long-standing relationship with SinfoníaRx.”

Source: Tech Launch Arizona

Posted under: Tech Transfer e-News

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