NEW YORK (GenomeWeb) – French diagnostics firm Novacyt today announced it has secured flexible bond financing for up to €5 million ($5.5 million) over three years as part of a private placement.

The financing was underwritten by YA Global Master. Novacyt said that it has drawn the first €250,000 tranche and will draw on the remaining €4.75 million at its discretion and control.

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