Proxim Diagnostics announced it raised $18 Million in an initial filing from an offering of $18 Million

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Proxim has developed a next-generation handheld immunodiagnostic device. The system performs the most important laboratory tests near the patient using whole blood without any sacrifice in sensitivity and precision, bringing the most critical information to the doctors right when they need it. The instrument is battery operated, has touch-screen display interface, wireless, Ethernet, and USB connectivity.