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NEW YORK ─ Cue Health announced Wednesday that it has raised $100 million in Series C financing.

The San Diego-based firm said it will use proceeds from the financing to complete the development, validation, and manufacturing scale-up of the Cue Health Monitoring System and Cue Test Cartridges.

Investors in the round include Menlo Park-based Decheng Capital, Foresite Capital, Madrone Capital Partners, Johnson & Johnson Innovation - JJDC, Acme Capital, and other investment firms. Goldman Sachs & Co acted as exclusive placement agent for the Series C financing. 

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The US Food and Drug Administration is to announce stricter standards for emergency authorizations of SARS-CoV-2 vaccines, reports the Washington Post.

The Associated Press reports Johnson & Johnson is starting a late-stage clinical trial of its candidate SARS-CoV-2 vaccine.

Bloomberg reports the budget of Operation Warp Speed is actually $18 billion, higher than the number typically cited.

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