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Labcyte Lands $5.5M in Credit

NEW YORK (GenomeWeb News) – Labcyte said today that it has received a commitment for up to $5.5 million in credit facilities from Hercules Technology Growth Capital.

Labcyte, based in Palo Alto, Calif., makes acoustic liquid handling tools for life science applications, including genomics, proteomics, imaging mass spectrometry, and others.

"Hercules believes the life science research and development market presents a huge opportunity for Labcyte," Kathy Conte, managing director of life sciences at Hercules, said in a statement.

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