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Short Reads

Helicos to Raise $18.6M in Private Financing
Helicos BioSciences said last week that it has signed a definitive agreement with institutional and current investors to raise about $18.6 million through a private placement of its shares.
The Cambridge, Mass.-based sequencing technology firm said that net proceeds from the offering will be roughly $17.9 million, which it intends to use for working capital and general corporate purposes.

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