International legal practice Osborne Clarke has advised long-standing client Synova Capital on its significant minority growth investment into Preventx. Preventx is the UK’s leading provider of online-led sexual health testing and diagnostic services and the only UK company with a fully integrated laboratory model.
Synova will support Preventx and its founders Neil Cooper and Tim Alston to deliver an ambitious growth plan built upon the Business’s excellent reputation, unique integrated technology platform and the supportive dynamics of the growing self-sampling diagnostics market.
Preventx was founded in 2008, when Neil and Tim saw the opportunity to deliver both tangible cost savings to Local Authorities and an improved end user experience by shifting sexual health testing out of the traditional clinic setting. Since then, the Business has grown rapidly, driven by the recognition of health commissioners that online-led, self-sample testing is a cost-effective way to deal with rising patient demand. Preventx currently provides services to more than a third of all Local Authorities in England
Osborne Clarke’s Corporate team is considered the go-to practice for many businesses in the life sciences and healthcare sector, working with leading global businesses, fast-growth start-ups and market challengers.