Proceeds will go toward R&D initiatives, the commercialization of the Icell8 single-cell system, and general corporate and working capital purposes.
The firm expects to raise net proceeds of $13.6 million, which it will use to advance development and commercialization of its single-cell genomics products.
The company launched the BD FACSseq flow cytometer and BD Precise Assays for high-throughput single-cell gene-expression analysis studies at the ASHG annual meeting.
The company reported preliminary Q3 revenue growth of between 52 percent and 68 percent, and raised its revenue guidance for full-year 2015.
Proceeds from the offering will go toward R&D and commercialization efforts around its single-cell products, sales and marketing, and general corporate and working capital purposes.
The company plans to use the proceeds for general corporate and working capital purposes including commercialization activities intended to increase revenue.
The firm's revenues dipped as it awaits the launch of its single-cell business, which should become its primary focus after 2015.
The company continues to expect its single-cell analysis platform will launch by year-end.
The company continues to expect its SmartChip single-cell analysis platform will launch by the end of the year.
The companies will validate the technology for isolating single cells from various tissues and preparing libraries for next-generation sequencing.
23andMe has a holiday popup shop at a mall and could open additional stores, Bloomberg reports.
By studying koalas and a retrovirus that infects them, researchers may have uncovered a new sort of 'immune response' that occurs at the genomic level, Agence France Presse reports.
NPR reports that the first person in the US given a gene editing-based therapy for a genetic disorder is heading home.
In Science this week: ancient genomes reveal social inequality within individual households, new method for quantifying genetic variation in gene dosage, and more.