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Genomatix Gets $500K in Series B Private Equity Round

May 18, 2005

NEW YORK, May 18 (GenomeWeb News) - Genomatix, a Roanoke, Va.-based gene expression and proteomics tools company, today announced that it has closed a Series B round of financing led by a $500,000 investment from NewVa Capital Partners, a venture capital fund managed by Third Security.

 

Robert Beech, CEO of Genomatix, said in a statement that the new funding will "accelerate the roll out and marketing of its proprietary genetic tools," and called NewVa's investment a "strong indicator" that the company was on the "right track, both scientifically and commercially."

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