Oxford Nanopore Technologies Ltd., an Oxford, England-based technology company that develops nanopore-based electronic molecular analysis systems, announced that it has raised $63.7 million from new and existing investors in the United States and Europe. The funds will apparently be used to develop the company’s commercial and manufacturing infrastructure, continue research and development in nanopore sensing and for other business purposes, including protecting intellectual property. Oxford Nanopore has reportedly developed a generation of handheld and desktop devices that use a technique known as strand sequencing, in which a string of DNA is guided by an enzyme and passes intact through a tiny hole in a cell membrane one-billionth of a meter wide. According to the company, the devices may be used in scientific research, personalized medicine, crop science, security and defense, and environmental applications. See Oxford Nanopore Technologies Ltd. News Release, October 9, 2013.
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