Vermillion to Raise $20.5M in Stock Sale Three Months After Disclosing Cash Drought | GenomeWeb
NEW YORK (GenomeWeb News) — Vermillion, formerly known as Ciphergen Biosystems, today said it plans to gross around $20.5 million in a private stock placement to a group of existing and new investors.
 
Vermillion said it plans to use the net proceeds from the transaction for general working capital needs.
 

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