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Molecular Detection Inc. of Wayne Raises $3.5 Million in Stock Sale


4/13/2012 9:07:17 AM

Philadelphia Business Journal by John George, Senior Reporter

Molecular Detection has raised $3.5 million in a private stock sale, according to documents filed with the Securities and Exchange Commission.

The Wayne, Pa., medical-device company was seeking to raise $4.05 million through its equity offering.

Molecular Detection, founded in 2007, develops molecular diagnostic tests used to detect infectious diseases. The company raised $1.4 million in a first round of venture capital financing in 2010.

The company’s SEC filing information was provided by FormDs.com.


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