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Boston Financial & Equity Closes Lease Line for Startup

July 27, 2017, 07:01 AM

Boston Financial & Equity closed a $350,000 lease line with a company that is developing a bench top system to address the acute need in biologic product development and manufacturing . The System will provide real-time, rapid, and direct characterizations of proteins.

The company, based in California, was founded in 2015. Still in a design & research phase, it has no revenue and is backed by Angels. The company currently has eight months of cash, and is in talks with a large drug company to implement a beta system. It’s first drawdown was for a much needed Mass Spec system.

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