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Alamar Biosciences Burns Cash In Runup To IPO

Alamar Biosciences, Inc. is pursuing a likely $100 million IPO to fund scaling of its protein biomarker diagnostics business. ALMR's revenue surged 195% to $74.2M in 2025, with gross margin expanding to 56.2%, though cash burn and operating losses remain significant. The company's growth strategy centers on expanding its installed base, recurring consumables revenue, and assay menu into oncology and cardiometabolic…

Seeking Alpha • Apr 1, 2026

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