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NEW YORK (GenomeWeb) – Invitae has reached an agreement with Oxford Finance to extend its existing loan and security agreement by $20 million.

The first tranche of the credit facility with Oxford Finance closed a year ago and provided Invitae with $40 million in gross proceeds. With half those proceeds still available to use at its discretion, the new amendment to the agreement raises the total capital available to Invitae to $40 million more.

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