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Great Basin Grabs Series B Venture Capital

Wednesday, January 9, 2013 5:58:00 AM PDT | VentureDeal
   Salt Lake City, Utah  --  Biotechnology company Great Basin has landed $9.5 million in its second round of venture capital funding.

Great Basin is commercializing technologies for the molecular, rapid diagnostic testing market.

Investors were not disclosed, however the company said that the new round was led by returning investors.

Proceeds purposes will be used to expand manufacturing and continue research and development as well as continue global commercialization efforts.

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