NEW YORK (GenomeWeb News) - Epigenomics said today that it has placed 2,671,088 new shares at an issue price of €1.94 per share, raising gross proceeds of €5.18 million ($6.6 million).

A subsidiary of BB Medtech and funds managed by Abingworth subscribed for all the new shares. The transaction will double the BB Medtech group's stake in Epigenomics to about 14.9 percent from about 7.4 percent, making it the second largest shareholder in the firm after Federated Investors. Funds managed by Abingworth will own about 11.1 percent of the company's shares.

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