NEW YORK (GenomeWeb News) – Response Genetics today said that it has signed definitive agreements with unnamed institutional investors for the sale of 932,805 shares of the firm's common stock through a registered direct offering.

The Los Angeles-based molecular diagnostics firm is selling the shares at $2.05 each, the stock's closing price on Thursday, and expects to raise gross proceeds of $1.9 million through the offering. It said it anticipates the offering will close on or around Sept. 25.

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