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NEW YORK (GenomeWeb) – Editas Medicine announced Monday that is has closed its initial public offering, raising $97.8 million in net proceeds, including the over-allotment option.

The Cambridge, Massachusetts-based gene editing firm sold 5.9 million shares at the public offering price of $16 per share as well as 885,000 additional shares issued to the underwriters, who fully exercised the over-allotment option.

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GenomeWeb reports that Veritas Genetics is suspending its US operations.

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