How Much Did AllerQuest Raise?
Funding & Key Investors

AllerQuest has solidified its position in the clinical diagnostics sector, securing a total capital infusion of $399K. This trajectory of financial backing, highlighted by a recent major strategic investment of $249K, underscores the market confidence in the company's specialized approach to allergy identification. By focusing on high-precision diagnostic tools, the firm has successfully navigated the complexities of late-stage development to deliver critical healthcare solutions.

What is AllerQuest?

AllerQuest
ManufacturingPharmaceuticalsBusiness Services

AllerQuest, LLC operates at the intersection of pharmaceutical manufacturing and clinical immunology. The company is primarily recognized for its development of skin test reagents designed to identify patients at risk for penicillin allergies. A cornerstone of its market presence is the PRE-PEN diagnostic skin test, an FDA-approved solution that has become a standard for healthcare providers seeking to mitigate risks associated with antibiotic administration. Through a strategic acquisition by ALK-Abelló, AllerQuest has transitioned its manufacturing and distribution capabilities, ensuring that its high-quality reagents remain accessible to the medical community. The organization leverages a multidisciplinary team of experts in science and medicine to maintain rigorous standards in allergy testing protocols.

How much funding has AllerQuest raised?

AllerQuest has raised a total of $399K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$249K

Debt (2020): $150K with participation from PPP

Debt (2021): $249K led by PPP

Key Investors in AllerQuest

PPP

Public-Private Partnership

What's next for AllerQuest?

Following the successful integration of its flagship product into the ALK-Abelló portfolio, AllerQuest is positioned to leverage its accumulated capital to refine its diagnostic pipeline. The current late-stage funding environment provides the necessary runway to explore further advancements in allergy testing methodologies. Strategic priorities likely include the expansion of diagnostic applications and the optimization of reagent stability, ensuring that healthcare providers continue to have access to reliable, evidence-based tools for patient safety. As the company evolves, its focus remains on bridging the gap between complex pharmaceutical research and practical clinical application, ultimately enhancing the standard of care for patients with suspected antibiotic sensitivities.

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Frequently Asked Questions Regarding AllerQuest Financial Insights

What are the most recent funding rounds that AllerQuest has completed, and what were the funding rounds?
AllerQuest has recently completed 2 funding rounds: Debt on Jan 26, 2021, Debt on Apr 27, 2020.
What is the total amount of funding AllerQuest has raised to date?
AllerQuest has raised a total of $399K in funding to date.
How many funding rounds has AllerQuest completed?
AllerQuest has completed 2 funding rounds.
How much funding did AllerQuest raise in its most recent funding round?
AllerQuest raised $249K in its most recent funding round.
Who are the lead investors in AllerQuest's latest funding round?
The lead investor in AllerQuest's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in AllerQuest's history?
The largest funding round in AllerQuest's history was $249K.
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