Vermillion to Raise $20.5M in Stock Sale Three Months After Disclosing Cash Drought

Aug 24, 2007

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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