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Galileo Genomics Gets $CA7 Million Loan from Investissement Quebec

NEW YORK, Jan. 19 (GenomeWeb News) - Galileo Genomics has received a loan of $CA7 million ($5.39 million) from Investissement Quebec, the company said today.

 

Galileo, based in Montreal, plans to use the additional funding for its research. Applying its chromozoom technology, the company is trying to find groups of genes associated with more than 20 common diseases by examining DNA samples from the Quebec Founder Population.

 

Earlier this month, Galileo raised $CA11.15 million ($8.58 million) in equity financing.

 

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