By Bernadette Toner

A WaferGen Biosystems official said this week that the company has raised gross proceeds of around $5.1 million in a private placement that it will use to further develop and commercialize its SmartChip real-time PCR system.

Alnoor Shivji, WaferGen's chairman, president, and CEO, disclosed the financing during a presentation at the OneMedPlace Finance Forum in San Francisco, Calif., on Tuesday.

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