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Decision Biomarkers Raises $7.6M in Series A Funding

NEW YORK, Feb. 7 (GenomeWeb News) - Decision Biomarkers closed a $7.6-million Series A financing round, the company said Friday.

 

Oxford Bioscience Partners led the round. Investors included Rock Maple Ventures, Fletcher Spaght Venture Partners, and a group of individual investors led by Coco Montagu.

 

The company said it would use the capital to "fast-track" its technology for reducing "overall drug development costs."

 

"This funding will be used to complete the product launch and achieve early sales," said CEO Roger Dowd in a statement.

 

The Waltham, Mass.-based company makes a fully automated platform that enables researchers to test up to 40 biomarkers at one time.

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