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Galileo Genomics Closes $5.2M in Financing

This article has been corrected from a previous version, to reflect the currency conversions between Canadian and US dollars.

 

NEW YORK, Feb. 25 - Galileo Genomics of Montreal said today it had closed CA$7.7 million, ($5.2 million) in new financing.

 

The financing came in the form of two rounds, the first a $CA4.7 million ($3.15 million) round led by HBM Bioventures of Zurich, with contributions from Investissement Desjardins of Montreal, BTF of Amsterdam, MVI of London, and BioFund of Helsinki; and the second a $CA3.0 million ($2.0 million) capital equipment-based financing with MM Venture Partners.

 

Galileo is building a population genomics database based on Quebecfounder populations, and is analyzing the database for common diseases.

 

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