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PathoGenetix Announces $10 Million Series C Financing
Date:10/30/2013

customer evaluations with leading food safety testing labs. In June, the company signed an agreement with Applied Maths, NV, to link the RESOLUTION System with the BioNumerics software suite currently in use in thousands of public and private research sites and laboratories around the world.

“We are excited about the potential for the GSS technology in a range of industrial, research and clinical applications,” said Tara Butler, MD, Managing Director at Ascension Health Ventures and PathoGenetix Board member. “PathoGenetix product development and research continue to demonstrate clear benefits for use in the food industry. We also believe the technology has significant potential in research and clinical applications such as microbiome analyses and genome mapping.”

Because GSS is culture independent and fully automated from sample preparation to final report, the technology greatly reduces the time, complexity, skill and cost required when compared to other molecular and next generation sequencing (NGS) identification approaches. The strain-type information provided by GSS is comparable to pulsed field gel electrophoresis (PFGE), the current standard for pathogen typing in foodborne outbreak investigation and response. As a result, GSS offers a powerful new tool for food industry pathogen traceback and public health epidemiological investigations, and can enable quicker decisions affecting food safety and public health.

About PathoGenetix, Inc.

PathoGenetix™, Inc. is a commercial-stage developer of an automated system for rapid bacterial identification from complex samples. PathoGenetix is a venture-backed company that has received more than $50 million in technology development funding from the Department of Homeland Security. The core Genome Sequence Scanning™ (GSS™) technol
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