Cytoo to Spend $10M in New Funding on R&D, Marketing Activities | GenomeWeb

By Justin Petrone

Cytoo will use the proceeds from its most recent round of financing to fund several R&D projects and expand its marketing activities, with the hope of attracting more interest from pharmaceutical customers, according to its CEO.

Francois Chatelain told BioArray News this week that the developer of micropattern array technology for cell-based assays raised the $10 million in series C financing to "aggressively do R&D and innovation" and to "beef up" its marketing efforts.

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