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MGI Tech Company, a Shenzhen maker of gene sequencing machines, announced it closed its first funding round with more than $200 million. MGI is a subsidiary of BGI, China's largest sequencing services provider. Founded in 2016, MGI is dedicated to offering a China alternative to international gene sequencing makers. The funding included CITIC, Jinshi Capital, Songhe Capital and Dongzheng Capital. According to unconfirmed media reports, the financing was much less than the $1 billion MGI was seeking in a pre-IPO round for a 20% stake of the company. More details....
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Bioinformatics is the application of computer software and hardware to the management of biological data to create useful information. Computers are used to gather, store, analyze and integrate biological and genetic information which can then be applied...
DNA sequencing is the process of determining the precise order of nucleotides within a DNA molecule. During DNA sequencing, the bases of a small fragment of DNA are sequentially identified from signals emitted as each fragment is re-synthesized from a ...