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NanoString Technologies Announces Common Stock Offering

NEW YORK (GenomeWeb) – NanoString Technologies said today that it has made an agreement to sell 3 million shares of its common stock at $16.75 per share with RW Baird as the sole underwriter in a public offering pursuant to NanoString's existing shelf registration statement filed in 2014.

The firm has also granted Baird a 30-day option to purchase up to an additional 450,000 shares of common stock.

NanoString said it plans to use the net proceeds to support its general corporate activities and for working capital.