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Sage Science Raises $2M in Equity Financing

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Sage Science has raised approximately $2 million in an equity financing round, the company said in a filing with the Securities and Exchange Commission.

According to the filing, the offering could total $2.1 million. The company, based in Beverly, Mass., did not disclose the investors.

Sage Science sells the Pippin Prep system, which automates size selection and collection of DNA for next-generation sequencing library preparation.

Last month, the company said it sold 10 of the instruments to the Broad Institute, which had been testing the system (IS 10/12/2010). In October, Sage Science said that Illumina will co-market the Pippin Prep for use with its sequencing system (IS 10/26/2010).

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