NEW YORK (GenomeWeb) – Roka Bioscience said in its Form 10-Q this week that it exercised an option to reduce the royalty rate it pays to Hologic. As a result, Roka paid $8 million and issued 865,063 shares of its common stock to Hologic subsequent to the closing of Roka's initial public offering last month. The option was exercisable if Roka raised less than $55 million in net proceeds from the IPO. Net proceeds from the offering were about $53.4 million, Roka said in its SEC document.

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