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Diamics Closes Debt Round Prior To Series A

Thursday, May 10, 2007 5:00:00 AM PDT | VentureDeal Staff
NOVATO, CA -- Life science instrument maker Diamics, Inc. announced that it closed a convertible debt round of undisclosed amount.

Diamics is developing products for cancer screening & diagnostics applications and recently qualified the manufacture of CerCol collector in China related to its recent $22 million supply contract with the Beijing-based Jingmin Hospital Group.

The company said the investment will help it continue operations while it finalizes its upcoming $8 million series A funding round and awaits its first revenues later in the year.

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