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NEW YORK (GenomeWeb News) – PathoGenetix today announced it has raised $7.5 million in a second closing of a Series B financing round, bringing the total raised in the round to $11.5 million.

Funds will be used to further develop its Genome Sequence Scanning technology and then to commercialize it, the Woburn, Mass.-based firm said. Investors in the second closing include new participant Ascension Health Ventures through its second fund, CHV II, as well as existing investors including Excel Venture Management, CB Health Ventures, and HealthCare Ventures.

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