Helicos Receives $700K Cash Advance | GenomeWeb

Helicos has received a $700,000 cash advance from Atlas Venture and Flagship Ventures as part of a bridge loan agreement Helicos entered into last year with those investment firms, according to documents filed with the US Securities Exchange Commission.

The deal comes just a few weeks after Helicos reported that it would require "significant additional capital" in December to keep operating (IS 11/15/2011).

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