NEW YORK (GenomeWeb) – GenMark Diagnostics said after the close of the market on Monday that it has commenced a $65 million public offering of its common stock.

JP Morgan and Bank of America Merrill Lynch are joint book-running managers for the offering.  GenMark noted that it intends to grant the underwriters a 30-day option to purchase up to $9.75 million in additional shares.

The firm said that it intends to use the net proceeds from the offering for general corporate purposes and to fund its commercialization efforts.

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