Financial News

Genomatica Closes $90 Million Financing

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By: TOM BRANNA

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Genomatica issued $90 million in its latest equity offering, strengthening its balance sheet to fully execute on its business plan and fuel new growth opportunities. Participants include new lead investor Casdin Capital; returning investor Viking Global Investors, which continues as Genomatica’s largest shareholder; and organism engineering partner Ginkgo Bioworks. Genomatica also announced it is expanding its relationship with Ginkgo to accelerate biotechnology innovations for widely-used chemi...

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