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Home » Tools & Technology » Informatics » Affymetrix Closes $32.5 M Private Placement, Enters Agreement With Pfizer

Affymetrix Closes $32.5 M Private Placement, Enters Agreement With Pfizer

Apr 08, 1999
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SANTA CLARA, Calif.--Affymetrix said it will use the proceeds of a recent stock sale to expand its manufacturing capabilities, research and development facilities, and sales and marketing efforts, and for other general corporate purposes. The company announced last month that it completed a private placement of 1 million shares of common stock for an aggregate purchase of $32.5 million to the Growth Fund of America, managed by Capital Research and Management.

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