Skip to main content
Premium Trial:

Request an Annual Quote

Cepheid to Use Cash from Recent Stock Offering to Invest in Molecular Dx

NEW YORK, March 8 (GenomeWeb News) - Cepheid will use proceeds from a recently announced stock offering to invest in its molecular diagnostics program, according to prospectus filed with the Securities and Exchange Commission today.

 

In the document, Cepheid reports that it expects the net proceeds from the offering will be approximately $80.5 million, and that the company plans to use the cash to "fund future acquisitions of molecular markers and/or complementary products, technologies or companies in the fields of oncology, infectious diseases and other fields appropriate for molecular diagnostics."

 

Still, Cepheid said that it has "no current agreements or commitments with respect to any such acquisition" pending and that fore now it will invest the funds in "short-term, investment grade, interest-bearing securities."

 

The company disclosed in a Feb. 24 SEC filing that it plans to offer to the public 10 million shares of common stock, plus an option to purchase up to an additional 1.5 million sharees to cover over-allotments.

The Scan

Octopus Brain Complexity Linked to MicroRNA Expansions

Investigators saw microRNA gene expansions coinciding with complex brains when they analyzed certain cephalopod transcriptomes, as they report in Science Advances.

Study Tracks Outcomes in Children Born to Zika Virus-Infected Mothers

By following pregnancy outcomes for women with RT-PCR-confirmed Zika virus infections, researchers saw in Lancet Regional Health congenital abnormalities in roughly one-third of live-born children.

Team Presents Benchmark Study of RNA Classification Tools

With more than 135 transcriptomic datasets, researchers tested two dozen coding and non-coding RNA classification tools, establishing a set of potentially misclassified transcripts, as they report in Nucleic Acids Research.

Breast Cancer Risk Related to Pathogenic BRCA1 Mutation May Be Modified by Repeats

Several variable number tandem repeats appear to impact breast cancer risk and age at diagnosis in almost 350 individuals carrying a risky Ashkenazi Jewish BRCA1 founder mutation.