The decrease came as improved performance by its biopharma services operations was more than offset by declines in clinical and discovery services revenues.
The company said the decrease was partially due to the impact on its clinical services business unit from the adoption of new revenues recognition standards.
The firm plans to offer more than 13 million shares of its common stock at $.225 per share. The offering will close on or about Jan. 14.
The company will continue to explore strategic alternatives with financial advisor Raymond James & Associates.
The drop in CGI's third quarter revenues reflect declines across the company's biopharma, clinical, and discovery services units.
The deal covers Cancer Genetics' microarray-based Tissue of Origin test, which analyzes 2,000 individual tumor genes to help identify a tumor's origin.
The firms are working together to develop precision medicine tools and platform technologies to support the development of oncology therapeutics.
The probes are for use in Cancer Genetics' FISH-based HPV-Associated Cancer Test, which measures genomic changes to help triage cervical cancer patients.
Mainichi reports that 43 percent of Japanese individuals said they did not want to eat agricultural products that had been modified using gene-editing tools.
Two US Department of Agriculture research departments are moving to the Kansas City area, according to the Washington Post.
Slate's Jane Hu compares some at-home genetic tests to astrology.
In PLOS this week: analysis of polygenic risk scores for skin cancer, chronic pain GWAS, and more.