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Cleveland Diagnostics raises more than $19 million in financing
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Cleveland Diagnostics Inc., a clinical-stage company that is developing diagnostic tests for the early detection of cancers, said it has closed a Series D financing round of $17.4 million.
The round was led by LYFE Capital, with participation from existing investors including Cleveland Clinic and others, Cleveland Diagnostics said in a news release issued Tuesday, Feb. 9. Following the close of the round, the company said in the release, it received a term sheet for a $2 million convertible note, which is expected to close shortly.
Cleveland Diagnostics said the funds will be used to expand commercialization of IsoPSA the company s first diagnostic test, designed to enhance early detection of prostate cancer as well as to expand internal infrastructure and operations to support platform development for other tests, including breast and lung cancer. ....

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