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GenoSpectra Lands $20M in Second-Round Funding

SAN FRANCISCO, Dec. 19 - Microarray start-up GenoSpectra received $20 million in a second round of private financing, the company said Wednesday.

 

The investment, lead by Seattle, Wash.-based Frazier Healthcare Ventures, included Novartis BioVentures, HBM BioVentures, and the BioMedical Sciences Investment Fund of the Singapore Economic Development Board.

 

GenoSpectra, based in Fremont, Calif., is developing high throughput drug screening and high-density DNA and protein microarrays based on fiber optics technology, which the company said allows the production of relatively inexpensive arrays with massive parallel processing.

 

GenoSpectra was founded in April 2000 and received $5 million in Series A financing in October 2000.

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