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A group of researchers from Lawrence Livermore National Laboratory has demonstrated PCR amplification of nucleic acids in less than three minutes using typical microliter-scale reaction volumes.
The company will receive no proceeds from the offering but could receive $34.8 million if warrants included in the offering are exercised in full.
WaferGen is planning a $30.4 million private placement financing of equity and debt in order to ramp up sales and marketing efforts for its SmartChip Real-Time PCR system and consumables, launched last year.
Net proceeds will be used to expand commercialization of WaferGen's SmartChip Real-Time PCR system and related products, as well as for working capital and general corporate purposes.
The Fremont, Calif.-based genomic analysis firm reported revenues of $351,000 in Q1, a 10 percent decrease from the $390,000 it reported in the first quarter of 2010.
The firm's revenues were derived from a combination of one or more of its SmartChip Systems, SmartChip Panels, and/or SmartChip Gene Expression Profiling Services.
Clontech's SMARTer Ultra Low RNA kit, Bioo Scientific's NEXTflex PCR-Free DNA sequencing kit, Halo Genomics' HaloPlex PCR reagent kit, BGI a service provider for Agilent's SureSelect enrichment kits
Two COVID-19 vaccine developers have released their trial protocols to build public trust, the New York Times reports.
A new analysis finds the rapid COVID-19 test from DnaNudge to be highly accurate, Reuters reports.
In Science this week: global citizens' assembly on genome-editing technologies proposed, epigenetic markers predict metformin response, and more.
According to the Verge, many US states are not including positive results from rapid COVID-19 testing in their case numbers.