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Clinical MicroArrays Closes $7.5 Million Series A Financing

NEW YORK, Oct. 21 (GenomeWeb News) - Clinical MicroArrays of Natick, Mass., on Thursday closed on a $7.5 million Series A financing led by Oxford Bioscience Partners.

 

Other investors include the Boston private equity firms of Rock Maple Ventures and Fletcher Spaght Venture Partners, as well as individual investors led by Jean "Coco" Montagu, chairman of the Clinical MicroArrays, and the founder of Genetic Microsystems, and later vice president of advanced technology at Affymetrix.

 

Clinical MicroArrays will use the funds to accelerate its development efforts with a goal of product commercialization in 2005, the company said in a statement.

 

The company is developing the MultiMark Express System, a technology platform consisting of protein surface chemistry for biochips, image detection, and sample processing for automating the analysis of disease-specific biomarker panels.

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