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Ohmx completed its Series A preferred stock financing in 2009, raising $5.1 million. The proceeds from the initial financing are being used to complete Series A milestones including development of the first working prototype, feasibility and applicability in eight clinical diagnostic assays and four industrial application assays, a clinical pilot study, securing intellectual property licenses and developing Ohmx's own patent portfolio.
The Company has secured bridge financing and is planning to close a Series B round by December of 2010. Series B milestones include assay and instrument development under design control, clinical testing, and regulatory submission of our first 510(k) product.
For more information, please contact Ohmx investor relations:
investor@ohmx.com
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