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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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The US has sent its formal notice of withdrawal from the World Health Organization, according to the Wall Street Journal.

Science reports that a draft spending bill would increase the US National Institutes of Health budget by 13 percent.

The Harvard Crimson reports that Harvard and MIT are suing the Department of Homeland Security and ICE over the new international student visa policy.

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