GTG Technologies Eyeing $9.6M Raise | GenomeWeb

NEW YORK (GenomeWeb News) – Australian molecular diagnostics firm Genetic Technologies today announced plans to raise about US$9.6 million.

The fund raising will take place in three tranches and net proceeds will be used to expand US distribution of GTG's BrevaGen breast cancer test, and to complete additional studies to add new ethnic groups — Hispanic- and African-Americans — in order to expand the test's addressable market.

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