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Roka BioScience Nets $20 Million Venture Capital

Friday, July 29, 2011 5:30:00 AM PDT | VentureDeal Staff

San Diego, California  --  Biotechnology company Roka BioScience has garnered $20 million in its third round of institutional venture capital investment.

Roka is developing rapid molecular assays and instrument systems for industrial applications focused on the food safety industry.

Investors in the round included OrbiMed, New Enterprise Associates, TPG Biotech and Gen-Probe.

The company said it was on track to commercialize its first assay later this year.

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