Xconomy | Boston - Business + Technology in the Exponential Economy

Helicos Raises $18M in Private Financing

Helicos Biosciences, the Cambridge, MA-based maker of genetic analysis tools, said today it has reached an agreement to raise $18 million in a private offering of common stock and warrants to buy shares. Helicos (NASDAQ: HLCS) didn’t say how much longer the cash infusion will allow it to operate. The company reported a net loss in the third quarter of $11.4 million, and about $22.8 million of cash and investments left at the end of September.

Luke Timmerman is the National Biotechnology Editor for Xconomy. You can e-mail him at ltimmerman@xconomy.com, call 206-624-2374, or follow him on Twitter at http://twitter.com/ldtimmerman.

Comments | Reprints | Share: