CombiMatrix to Raise $6.8M in Private Placement to Keep Up With Rising Test Demand | GenomeWeb

By Justin Petrone

CombiMatrix said this week that it plans to sell almost $6.8 million of newly issued shares of its stock in order to help it meet growing demand for its molecular tests.

Net proceeds from the placement will be used to "fund growth initiatives and for general working capital purposes," the firm said in a statement. CEO Judd Jessup this week declined to discuss details until after the placement closes April 7.

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