Primera Biosystems Inc. Garners $21,000,000 Series B Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5a1c0f2f-575e-414f-b5ed-369377b5f913&Preview=1
Date
1/8/2008
Company Name
Primera Biosystems Inc.
Mailing Address
171 Forbes Blvd Mansfield, MA 02048
Company Description
Primera is developing a proprietary gene expression analysis system, “STAR” (Scalable Transcription Analysis Routine) that combines into a single system the desirable features of both real-time PCR and DNA microarray technologies.
Website
http://www.primerabio.com
Transaction Type
Venture Equity
Transaction Amount
$21,000,000
Transaction Round
Series B
Proceeds Purposes
“Primera plans to use this financing to complete development of our instrument system, reagent kits for disease-specific clinical research, future diagnostic tests as well as support ongoing research and development efforts,” said Martin L. Verhoef, President and Chief Executive Officer of Primera Biosystems, Inc.
M&A Terms
Venture Investor
Abingworth Management Inc
Venture Investor
MPM Capital
Venture Investor
Burrill & Company