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Geospiza Closes $1M Financing Round

NEW YORK, May 2 (GenomeWeb News) - Geospiza has completed a $1 million round of convertible debt financing with private individuals, the company said today.

 

"Though Geospiza is profitable already, the new funding will support the company's product development work with Applied Biosystems," Todd Smith, chairman and CEO of Geospiza, said in a statement.

 

News of the Geospiza financing was first reported last week by GenomeWeb News' sister publication BioInform.