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BioForce Completes $6M Private Placement

NEW YORK, March 21 (GenomeWeb) - BioForce Nanosciences said today it has closed a $6-million private placement of restricted common shares at $1.50 per share.

 

The financing will be used to help commercialize the NanoArrayer and for "continued development of the company's pipeline technologies," said Eric Henderson, BioForce founder and CEO, in a statement.

 

As GenomeWeb News reported, BioForce completed a $1.5 million bridge financing round to launch the NanoArrayer in December 2004.

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