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Primera Biosystems Raises $21 Million in Series B Private Round
Date:1/8/2008

se assays will permit rapid, efficient and quantitative measurement of pathogens and will help choose the appropriate therapeutic intervention, taking treatment from empirical therapy to complete and personalized medicine. Primera plans to commercialize its STAR platform and assay reagents to hospital and reference laboratories that service the relevant clinical populations, and will seek future regulatory approval.

"Multiplex molecular assays are becoming extremely important for the practice of medicine," said Vincent J. Miles, Ph.D, Venture Partner with Abingworth. "We believe that Primera's ingenious technology represents the most viable solution for highly multiplexed quantitative real-time PCR, the gold standard for accurate results in molecular diagnostic tests, and will have a major impact on testing procedures in the company's target markets."

Primera's new Board of Directors will be led by Laurence McCarthy as Executive Chairman and will include Martin Verhoef, President and CEO; Michael Bigham and Vincent Miles, Abingworth; Nina Kjellson, Interwest; Azlin Alias, Malaysian Technology Development Corporation and Kazumi Shiosaki (co-founder), MPM Capital.

About Abingworth

Abingworth is an investment firm dedicated to the life sciences sector on both sides of the Atlantic. The company invests across all stages of development, including early-stage as well as public companies. Abingworth has provided backing for more than 100 unquoted life science businesses. Over 70% of these have gone public or have merged or been acquired. Abingworth has funds under management of more than $1.25 billion. Founded in 1973, Abingworth has offices in London, Cambridge (UK), Menlo Park (California) and Boston. More information can be found at http://www.abingworth.com.

About InterWest Partners

Investing since 1979, InterWest Partners is a leading diversified venture capital firm curren
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SOURCE Primera Biosystems, Inc.
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