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Money for Iomai

Iomai Corp., of Gaithersburg, which develops vaccines and immune system stimulants delivered to the skin instead of injected with a needle, said it has entered into agreements for a private placement of common stock to Chicago-based Essex Woodlands Health Ventures and New Enterprise Associates, of Baltimore. The stock sale will gross approximately $10 million. Iomai said it will use the funds to continue clinical programs for its vaccine patch products.

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Boost for Correlogic

Correlogic Systems Inc., of Rockville, which develops tools and processes for protein-based and genomic-based clinical diagnostic systems, said Tokyo-based trading company Mitsui & Co. Ltd. has made a second-round investment in Correlogic. The amount was not di...

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