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AdvanDx Secures $8 Million Third Venture Capital Round

Thursday, August 20, 2009 5:37:00 AM PDT | VentureDeal Staff

Woburn, Massachusetts  --  Biotechnology diagnostics company AdvanDx has secured $8 million in its third round of institutional venture capital financing.

AdvanDx cell's molecular-based in vitro diagnostic tests that are available in hours instead of days.

SLS Ventures led the round, which also included other undisclosed investors.  The company said that the funding would be used to fund the expansion of its molecular diagnostics product offering as well as sales and marketing initiatives.

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