Helicos Secures Bridge Loan, Abandons Plans for CLIA Lab as Cash Position Weakens, Revenues Fall | GenomeWeb

By Bernadette Toner

This article has been updated from a previous version, published Nov. 18, to reflect the fact that Helicos has filed its quarterly earnings report and disclosed other financial information.

Helicos BioSciences has entered into a bridge loan agreement worth up to $4 million with two investors in order to shore up its cash holdings in the face of dwindling resources.

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