By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – AssureRx today announced it has secured an $8 million term and revolving credit facility, which it will use to increase adoption of its GeneSightRx test.

The facility was secured through the Mason, Ohio-based firm's new banking partner, Silicon Valley Bank. In addition to ramping up GeneSightRx, AssureRx said that the financing will be used to finance new products anticipated to launch this year.

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