MedManage scores $10.7 million

Published 9:00 pm Tuesday, April 11, 2006

MedManage, which resides along Bothell’s Monte Villa Parkway, announced this morning it has raised $10.75 million in a fourth round of financing. Here’s the press release: http://www.marketwire.com/mw/release_html_b1?release_id=122696.

The company, which employs about 30 people, has developed online tools that help pharmaceutical companies distribute prescription drug samples to doctors. This round of financing was led by QuestMark Partners, a Baltimore-based venture capital firm, with existing investors Versant Ventures, Lilly Ventures and Prism Venture Partners also taking part.

The company’s Web site can be found here, http://www.medmanagesystems.com.