NEW YORK (GenomeWeb) – PositiveID will issue $4 million in 4 percent discount senior secured convertible promissory notes to Dominion Capital, an institutional investor, the firm announced today in a statement and in a document filed with the US Securities and Exchange Commission.

The financing will help the Delray Beach, Fla.-based molecular diagnostics firm continue the development of Firefly Dx, a hand-held, real-time PCR pathogen detection system; restructure existing debt; and provide general working capital.

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