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Caliper raises $7 million to advance LabChip:

This article was originally published in Clinica

Executive Summary

Caliper Technologies has raised a further $7.4 million from its current investors, which include Hewlett-Packard, to push development of its LabChip "liquid integrated circuit" in the race to be first to market a micro laboratory on a chip. The Palo Alto, California-based company has raised a total of $40 million in equity financing to develop the platform, which integrates biochemical pumps, valves, reactors and separation systems to manage complex processes and later report the results direct to a database.





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