NEW YORK (GenomeWeb News) – CombiMatrix announced today that it will issue securities to certain accredited investors in a private placement that is expected to bring in proceeds of $2.4 million.

CombiMatrix said that it will sell Series C convertible preferred stock in two tranches. It expects the first tranche to close within the next two days and the second tranche to close following stockholder approval.

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A fire at a Manchester hospital may have destroyed lab equipment and data, the Guardian reports.

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