Daktari Diagnostics Inks $10M

Cambridge, Mass.-based Daktari Diagnostics Inc. has raised $10 million in a staged financing round, the company announced recently. The financing for Daktari—which makes point-of-care diagnostic systems for the developing world—was led by Merck Global Health Innovation Fund. Norwich Ventures and the Partners Innovation Fund also contributed. The money will help complete development and bring to market the company’s initial products, intended for use in monitoring HIV patients worldwide.

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