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CEMI - Chembio secures $20M term loan; shares ahead 13%
Chembio Diagnostics Inc.
Thinly traded micro cap Chembio Diagnostics (CEMI+12.6%) is up on below-average volume, a modest 23K shares, on the heels of the company's announcement that it has closed a four-year $20M term loan with an affiliate of institutional investor Perceptive Advisors.
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