NEW YORK (GenomeWeb News) – British molecular diagnostics company QuantuMDx has closed an $8.4 million investment round to further the development of a device for point-of-care testing, the firm said today.

Private investors and the University of Newcastle upon Tyne contributed to the round, which will support the optimization of Q-POC, QuantuMDx's handheld DNA sequencing and genotyping device, and allow the company to flesh out its R&D team and advisory board.

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