US Genomics Raises $17M in Private Placement

Apr 04, 2001

NEW YORK, April 4 – US Genomics of Woburn, Mass., said Wednesday it has raised $17 million in private financing, which will be used to develop the company’s DNA analysis technology.

HealthCare Ventures and existing investors, including CB Health Ventures and Still River Fund, contributed to the financing round. Augustine Lawlor, general partner at HealthCare Ventures, also joined US Genomics’ board of directors.

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