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Premaitha Health secures $5M loan facility from Thermo Fisher

Thermo Fisher Scientific has agreed to provide Premaitha Health a secured loan facility worth $5 million, of which $4 million will be immediately used as working capital for Premaitha's commercial growth strategies. Premaitha, which makes the Iona and Sage prenatal screening tests that operate on the DNA sequencing tools of Thermo Fisher, will draw down the remaining amount against performance milestones that will be reviewed quarterly.

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