Tuesday, July 7, 2009

NEXUS Biosystems Gains New Funding

Poway-based NEXUS Biosystems, a manufacturer of scientific equipment used to automate handling of samples for pharmaceutical, biotech, agrichemical, and research firms, disclosed this morning that has received a majority equity and growth financing from Telegraph Hill Partners. Amount of the financing was not disclosed, however, a recent regulatory filing from the firm places the round size at $5.0M. According to NEXUS Biosystems, the funding will go towards accelerating commercialization of its products, and towards expanding its manufacturing and customer support capabilities. Deval Lashkari and Glenn Novotny of Telegraph Hill join the firm's board along with the funding. More information »