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Owlstone Medical Secures Funding To Develop Its Breath Biopsy Technology

 
• By Barnaby Pickering

The oversubscribed $58m funding round will enable the company to further work on its first-in-class breath biopsy technology, which aims to provide a cheap and convenient screening tool for several diseases.

Billy Boyle, CEO of Owlstone Medical, using the ReCIVA device • Source: Owlstone Medical

Owlstone Medical, a subsidiary of Owlstone, raised $58m in an oversubscribed funding round to continue development of its breath biopsy technology. 

The series D round, announced 7 September, raised $8m more than its initial target, bringing the total amount raised

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