By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Provista Diagnostics today announced it has entered into purchase agreements with institutional investors to raise $5 million in a Series A Preferred financing.

The funds will go mainly toward the completion of a confirmatory clinical trial and 510(k) submission to the US Food and Drug Administration of its breast cancer test. The remainder will be used to repay outstanding short-term debt obligations, the Phoenix-based firm said.

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