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NEW YORK – With a fresh $121 million in financing from its recent Series A funding round, proteomics firm Somalogic is looking to expand its SomaScan platform business and continue its push into the diagnostics space.

The Boulder, Colorado-based company is working to make assays run on its SomaScan system more streamlined and cost-efficient and more easily deployable in sites like hospital labs while also continue to expand the menu of proteins the platform is able to measure, said CEO Roy Smythe.

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Amid the COVID-19 pandemic, hospitals and intensive care units around the world have been overwhelmed by unprecedented levels of demand.