Response Genetics to Raise $4M in Private Placement | GenomeWeb

By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Response Genetics said that it expects to close today a private placement of its common shares, through which the firm expects to raise $4 million.

The Los Angeles-based molecular diagnostics firm said that it has signed a purchase agreement with certain new and existing investors and funds managed by Landsdowne Partners. It expects to sell to those buyers 3,005,349 of newly issued common shares at a price of $1.31 per share.

Get the full story

This story is free
for registered users

Registering provides access to this and other free content.

Register now.

Already have an account?
Login Now.

In Nature this week: genetic link between birth weight and adult-onset diseases, and more.

Even with all the current enthusiasm for gene therapies, Tech Review cautions that they are mostly in the early stages of development.

DNA phenotyping puts a potential face to a suspect in a nearly 25-year-old murder, the AP reports.

Researchers discuss the need for antibody standards at a meeting, NPR reports.