Pacific BioSciences Lands $50,000,000 New Financing Round

  • Feed Type
  • Date
    6/17/2010
  • Company Name
    Pacific BioSciences
  • Mailing Address
    1505 Adams Drive Menlo Park, CA 94025
  • Company Description
    The company is focused on developing treatments for various diseases through gene sequencing therapies.
  • Website
    http://www.pacificbiosciences.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $50,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Gen-Probe and Pacific Biosciences will initially collaborate on an exclusive basis for up to 30 months, with the goal of developing a longer-term, preferred business relationship aimed toward improving the diagnosis of human diseases. The companies can also purchase certain of each others’ products on preferential terms.
  • M&A Terms
  • Venture Investor
    Gen-Probe

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