Oxford Nanopore Technologies raises £84.4M in private financing

Oxford Nanopore Technologies said that it has raised £84.4 million ($109.5 million) in a private financing from existing and new investors.

Investors in the round included International Holdings Company (IHC), based in Abu Dhabi, United Arab Emirates, and RPMI Railpen, a UK pension fund.

The company will use the new funds to support the ramp of commercial and manufacturing operations and to further develop its nanopore technology. It is currently scaling up its LamPore COVID-19 diagnostic test for the detection of SARS-CoV-2, which obtained the CE mark last week.

The latest financing comes after the company raised £48.4 million ($62.8 million) from new and existing investors in May and brings Oxford Nanopore’s total funding raised to date to approximately £614 million.

Source: https://www.genomeweb.com/

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