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Stony Brook DNA company raises capital

Monday November 29, 2010 9:33 AM By Joseph Mallia

Applied DNA work

Photo credit: Applied DNA

Applied DNA Sciences Inc. of Stony Brook has raised $350,000 in capital by issuing short-term debt that can be converted to company stock, federal regulatory documents show.

Applied DNA makes and sells genetic markers as anti-counterfeiting tools.

Securities and Exchange Commission filings show the company sold the $350,000 in secured notes on Nov. 19. The filings indicate the company...

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