Nanosphere Q1 Revenues Rise 85 Percent; Secures $27M in Financing | GenomeWeb

NEW YORK (GenomeWeb News) – Nanosphere today said that its first-quarter revenues jumped 85 percent year over year as consumables sales rose 123 percent.

The company also said that it secured $27 million in new financing.

The Northbrook, Ill.-based molecular diagnostics firm recorded $2.4 million in revenues for the three months ended March 31, compared to $1.3 million a year ago, and beat the consensus Wall Street estimate of $2.1 million.

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