Gene sequencing device maker pulls in $50.8M in financing

A private placement of ordinary shares brought Oxford Nanopore Technologies $50.8 million in new funding. Oxford will use the money to create a commercial infrastructure, increase its production capabilities, add to is intellectual property portfolio and support research and development. The firm intends to commercialize two DNA sequencing platforms this year.

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Oxford Nanopore Raises $50.8M from Existing Investors - GenomeWeb Daily News (free registration)

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