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ACD Completes the Second Closing of Series a Financing and Initiates Services for Biomarker Validation and Companion Diagnostic Development

Published in Medical Patent Law Weekly, September 16th, 2009

Advanced Cell Diagnostics, Inc. (ACD), announced that it has completed the second closing of its Series A equity financing from Morningside Ventures, bringing the total capital raised in this round to $5.4 million.

ACD will use the funds to accelerate the development of its proprietary diagnostic tests based on the company's patent pending RNAscope™ technology. "This second closing marks the achievement of our RNAscope™ technology development milestones, including in situ detection of single RNA molecules in blood and FFPE tissues, multiplex analysis, and full assay automation," said Dr. Yuling Luo, Founder, President and CEO of ACD. "We can now offer our...

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