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The company plans to use parts of the proceeds from the offering to pay for the recent settlement with Illumina.

By early 2020, the UK company plans to develop a version of its Iona test that uses Illumina's sequencing technology.

Under the agreement, the companies plan to develop a customized solution that can be widely deployed for DNA sequencing.

The UK-based noninvasive prenatal testing firm also said that it has raised £2.5 million in funding through a share subscription.

The company is now seeking commercial partners in Brazil to make the Iona test available in the country.

Premaitha had been sued by Illumina for allegedly infringing on five patents related to noninvasive prenatal testing with its Iona test.

Premaitha entered into a secured loan facility agreement with Thermo Fisher, which is secured on the shares of Premaitha's Taiwanese subsidiary, Yourgene Bioscience. 

Get the latest news in the Genetics and Genomics industries right here. For the week of Dec 15, 2017.

Illumina had filed a series of suits against several companies in the UK starting in 2015, which were recently consolidated into one case.

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As the Canadian election season heats up, neither major party has really paid much attention to science, according to Nature News.

BBC News says the uncertainty over Brexit is affecting science funding in the UK.

A new app purports to tell users "how gay" they are by looking at their DNA, but experts tell Futurism that the app is bunk.

In Nature this week: human and great ape cerebral organoids reveal aspects of brain development unique to humans, and more.