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Predictive BioSciences Closes New Financing Round

Friday, October 17, 2008 5:54:00 AM PDT | VentureDeal Staff

Lexington, Massachusetts  --  Biotechnology company Predictive BioSciences has secured $21.75 million in its second institutional venture capital funding round.

Predictive is a molecular diagnostics company working on technologies in the areas of tumor growth, tumor angiogenesis and cancer markers.

New Enterprise Associates led the round, which included Kaiser Permanente Ventures, Flybridge Capital Partners and Highland Capital Partners. The company said it would use the funding proceeds to complete its current clinical studies and initiate multi-center clinical trials.

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