Recent Financings of Private Companies (05/2009)

Each month, Start-Up presents a comprehensive review of young, private life science companies that have received venture funding during the month, including companies in the pharmaceutical, medical device, diagnostic and research instrumentation & reagent sectors.

MarchAushon BioSystems (microarray instruments used in biomarker research) has closed its $14mm Series B venture round. The first tranche brought in $7.5mm in December 2007 and now its second raised $6.5mm from lead backer North Bridge Venture Partners (the company's sole institutional investor).

Aushon will use the funds to pay for its acquisition of Thermo Fisher Scientific's protein array business and technology assets,...

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