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NEW YORK – Oxford Nanopore Technologies said on Tuesday that it has raised £48.4 million ($59.7 million) in funding from new investors and existing shareholders in Europe, the Middle East and Africa (EMEA); the US; and Asia.

The new funding adds to £109.5 million — £29.3 million in new capital and £80.2 million from the sale of secondary shares — the company raised at the end of 2019. It brings its total funding raised to date to approximately £530 million.

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