Wednesday, November 29, 2006 6:00:00 AM PDT | VentureDeal Staff
MA -- Magellan Biosciences announced the
closing of a $50 million round of new debt and equity financing.
Funds will be used to expand product development and strategic acquisitions.
The company develops products for clinical diagnostics, hospital-based labs and
near-patient testing and serves markets worldwide.
Abingworth Management led the round, which included seven previous and new
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