Bioinformatics Incubator Raises $2M in Financing | GenomeWeb

NEW YORK, Oct 12 – LaunchCyte, a bioinformatics incubator based in Pittsburgh, said Thursday it has raised $2 million in financing and has announced the appointments of senior science and finance executives.

“In five months we've gone from zero to $2 million and from nobody to a staff of 12,” Tom Petzinger, LaunchCyte’s chairman and chief executive, said in a statement. “Pulling this off is a testament to the opportunity we have in Pittsburgh and to the team we've recruited to capitalize on it.”

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