NEW YORK(GenomeWeb) – Invitae has entered into a $15 million loan agreement with Silicon Valley Bank to purchase equipment, the firm said in a document filed with the US Securities and Exchange Commission on Wednesday. 

Invitae drew down an initial tranche of $2.5 million and can draw down additional tranches of up to $2 million each. Under the terms of the deal, the firm may request additional tranches for the purchase of equipment through December 31, 2016 subject to certain restrictions, it said. 

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