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April 22, 2014
09:01 EDTTINYHarris & Harris notes receipt of proceeds from sale of Molecular Imprints
Harris & Harris Group notes the receipt of $6.5M from the sale of Molecular Imprints, Inc.'s semiconductor business to Canon Inc. of Tokyo, Japan. Harris & Harris Group could receive an additional $625,000 from amounts held in escrow as well as up to $1.7M upon the achievement of certain milestones. Harris & Harris Group invested a total of $4.5M in Molecular Imprints, beginning with its initial investment in 2004. It valued its securities of Molecular Imprints at $8.3M as of December 31, 2013.
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October 22, 2014
10:02 EDTTINYHarris & Harris announces formation of TARA Biosystems
Harris & Harris Group continues its track record of early stage investments in emerging new technologies through a capital commitment and formation of TARA Biosystems. Based on research out of Columbia University, the Radisic Laboratory and MIT, TARA Biosystems aims to capitalize on the need for more effective processes for evaluating the safety and efficacy of new therapies and new drug compounds. TARA Biosystems will initially use its “organ-on-a-chip” platform to provide physiologically-relevant “heart-on-a-chip” human tissue models for both toxicology and drug discovery applications.

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