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NEW YORK (GenomeWeb) – Admera Health today announced it has completed a Series A financing round.

The New Jersey-based molecular diagnostics firm did not disclose the sum raised in the funding round, but said it is planning to use the capital to "expand operations aggressively" and accelerate product development efforts.

The financing round was led by investment firm Prime Value Capital Management (PVCM) and was joined by Sungent Bioventure, a venture capital firm based in Suzhou, China. PVCM's founding partner Chenhui Wen will join Admera's board of directors, Admera said.

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