Skip to main content
Premium Trial:

Request an Annual Quote

Predictive Oncology Prices $3.2M Public Offering

NEW YORK — Predictive Oncology on Wednesday announced that it has priced a public offering of approximately 6.3 million shares of common stock at $.50 per share for gross proceeds of up to roughly $3.2 million.

Dawson James Securities and Paulson Investment Company are acting as exclusive placement agents for the offering. 

Predictive Oncology — formerly Precision Therapeutics — said it will use the proceeds of the offering for working capital, general corporate purposes, and repaying outstanding debt. It recently reported having $69,557 in cash and cash equivalents as of the end of June.

During Thursday morning trading on the Nasdaq, shares of the Eagan, Minnesota-based company were down nearly 11 percent to $.50.

Predictive Oncology operates through three subsidiaries: Helomics, which was fully acquired in 2018 and provides tumor-analysis services for treatment personalization and new drug development; TumorGenesis, which is developing patient-derived tumor models for precision drug testing; and Skyline Medical, which markets a US Food and Drug Administration-approved system for automated medical fluid disposal.

The Scan

US Booster Eligibility Decision

The US CDC director recommends that people at high risk of developing COVID-19 due to their jobs also be eligible for COVID-19 boosters, in addition to those 65 years old and older or with underlying medical conditions.

Arizona Bill Before Judge

The Arizona Daily Star reports that a judge is weighing whether a new Arizona law restricting abortion due to genetic conditions is a ban or a restriction.

Additional Genes

Wales is rolling out new genetic testing service for cancer patients, according to BBC News.

Science Papers Examine State of Human Genomic Research, Single-Cell Protein Quantification

In Science this week: a number of editorials and policy reports discuss advances in human genomic research, and more.