With a $290M Deficit, Vermillion May Need to Explore Tests Beyond OVA1, Evaluating Funding Options | GenomeWeb

This article has been updated to include comments from Vermillion that the company is evaluating options for additional sources of funding.

Originally published May 25.

Vermillion just launched its OVA1 ovarian tumor triage test in March, but it may need to launch additional tests if it is to climb out of the red.

According to quarterly results filed with the US Securities and Exchange Commission on May 24, Vermillion said it had accumulated a deficit of $291 million from its inception in 1993 through March 31, 2010.

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