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Home > News > Nanosphere Raises $57M

May 16th, 2006

Nanosphere Raises $57M

Abstract:
Nanosphere said Tuesday it has raised $57 million in venture capital that will enable it to commercialize its first product later this year. Nanosphere plans to use the money to launch the Verigene System, which provides more sensitive genetic testing at a lower cost than conventional machines. The system, which enables doctors to check for a patient’s predisposition for certain diseases, consists of two instruments and use gold nanoparticles to identify genetic materials.

Source:
redherring.com

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