Paratus Diagnostics, LLC is an organized Texas based early stage company founded in 2012 by Dr. John C. Carrano, and currently employs 16 full-time staff members. The company is headquartered in San Marcos, Texas, in a state-of-the-art (and recently constructed) technology park. Paratus Diagnostics leases about 5,000 square feet of laboratory and office space, including BSL-2 certified space. The company completed a series A round of funding in July 2016 resulting in a raise of ~$3,000,000 from over 40 different investors.

Paratus Diagnostics follows a “hub-and-spoke” concept built around a central holding company from which they will incubate several different—yet complimentary—companies each with its own market application and commensurate product and technology focus. The business structure is very much consistent with the original premise of Paratus Diagnostics, which recognized that a common denominator missing from all diagnostic and biological detection devices is a simplified sample preparation solution. The genesis of the company was built on the notion that a common (or universal) module could be constructed that would enable many different diagnostic applications and assay formats while maintaining a common core design and manufacturing structure.

Paratus Diagnostics has trademarked this low-cost high-speed diagnostic device as the Paratus PreparedNow® System, which can be tailored for a variety of assay formats and biological samples to meet numerous diagnostic needs by simply switching out the ParatusSDS® Cartridge. Since the impetus for the ParatusSDS® was the need for a simplified and highly automated sample preparation solution, each cartridge is capable of performing a completely self-contained multiplex diagnostic test, enabling a true sample-to-answer solution.