emrupdate.com
Unbiased independent EMR discussions

Pacific Biosciences Raises $20M in New Funding

The manufacturers of the machines that run our DNA are still very much in the forefront, gaining investors with DNA sequencing.  BD image

NEW YORK (GenomeWeb News) – Menlo Park, Calif.-based Pacific Biosciences today said that it recently received $20 million in funding from new investor Blackstone Cleantech Venture Partners.

With the new funds, Pac Bio has raised $120 million in its latest financing round. It plans to use the resources to support its efforts to bring its Single-Molecule, Real-Time DNA sequencing platform to the market by the second half of 2010. The company said it has raised $193 million since it was founded in 2004.

http://www.genomeweb.com/issues/news/150837-1.html?CMP=OTC-RSS

Read the complete post at http://ducknetweb.blogspot.com/2008/11/pacific-biosciences-raises-20m-in-new.html


Posted Nov 20 2008, 11:35 AM by The Medical Quack
©2008 emrupdate.com. All rights reserved. | Acceptable Use Policy | Proud to be supported by the following EMR Vendor Sponsors:

AutoMED Software | Cerner Powerworks | eClinicalWorks | DescriptMED |  EMR Experts |  Medical Office Online | NextGen | practiceIT |  SynapseDirect | TSI Healthcare