Skip to main content
Premium Trial:

Request an Annual Quote

As Expected, Sequenom Secures $33M Through Private Stock Placement

NEW YORK, June 7 (GenomeWeb News) - Sequenom yesterday said it secured $33 million in a private stock placement with four institutional investors.


Sequenom shareholders approved the placement and a reverse stock split last month. The stock split went into effect last week.


As part of the placement, Sequenom sold or issued around 20 million shares of common stock and warrants to purchase an additional 12 million shares.


The investors were Pequot Private Equity Fund, ComVest Investment Partners, LB I Group, and Siemens Venture Capital. Oppenheimer & Co. served as the placement agent.


Sequenom said it will use the cash for general working capital purposes, to "strengthen and expand" its core product sales and services business, and pursue opportunities in the field of non-invasive prenatal diagnostics.

The Scan

New Study Investigates Genomics of Fanconi Anemia Repair Pathway in Cancer

A Rockefeller University team reports in Nature that FA repair deficiency leads to structural variants that can contribute to genomic instability.

Study Reveals Potential Sex-Specific Role for Noncoding RNA in Depression

A long, noncoding RNA called FEDORA appears to be a sex-specific regulator of major depressive disorder, affecting more women, researchers report in Science Advances.

New mRNA Vaccines Offer Hope for Fighting Malaria

A George Washington University-led team has developed mRNA vaccines for malaria that appear to provide protection in mice, as they report in NPJ Vaccines.

Unique Germline Variants Found Among Black Prostate Cancer Patients

Through an exome sequencing study appearing in JCO Precision Oncology, researchers have found unique pathogenic or likely pathogenic variants within a cohort of Black prostate cancer patients.