German-Spanish biotech firm Sygnis is making strides in its efforts to become a pure-play provider of DNA amplification and sequencing tools.

First, in late October the firm completed a rights offering and private placement of more than 1 million shares of stock, garnering gross proceeds of €2.7 million ($3.6 million), which it will use to further execute its new business plan and attempt to reach the break-even point by next year.

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