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Published on 8/15/2006 in the Prospect News Biotech Daily.

Celerus Diagnostics completes $9 million round of series B financing

By Lisa Kerner

Charlotte, N.C., Aug. 15 - Celerus Diagnostics, Inc. said it completed a $9 million round of series B financing by private investors.

The round was led by Merriman, Curhan and Ford, an investment banking firm.

Proceeds will be used to complete and market the company's Rapid Diagnostic System for a spring 2007 release.

Located in Santa Barbara, Calif., Celerus develops rapid cancer diagnostics.

Issuer:Celerus Diagnostics, Inc.
Issue:Series B financing
Amount:$9 million
Investors:Merriman, Curhan and Ford (lead), private investors
Announcement date:Aug. 15

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