Decode to Raise $30M in Stock Offering | GenomeWeb

NEW YORK (GenomeWeb News) - Decode Genetics plans to raise $30 million in a common stock offering to new and existing institutional investors, the company said today.

Decode said it will sell 6 million shares at $5 apiece. The shares closed at $5.68 yesterday. The company expects net proceeds after expenses to be approximately $27.8 million.
Decode said it expects to close the transaction on or about July 18.

Get the full story

This story is free
for registered users

Registering provides access to this and other free content.

Register now.

Already have an account?
Login Now.

In Science this week: convergent evolution in bird hemoglobin, and more.

The Wall Street Journal speaks with patients affected by questionable test results from Theranos.

Researchers link variants in TACR3 to hot flashes during menopause, Live Science reports.

Kuwait says it will alter its law requiring citizens and visitors to provide DNA samples, New Scientist reports.