Biomoda plans to raise $2 million through brokered private placement

By Devika Patel

Knoxville, Tenn., March 17 - Biomoda, Inc. announced a private placement for up to $2 million.

The company will raise $1 million, with investors permitted to invest a further $1 million.

LifeTech Capital is the agent.

The company plans to use the proceeds for clinical trials and to begin commercialization of a technology for the early detection of cancer.

The cancer diagnostics company is based in Albuquerque, N.M.

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