By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Epistem Holdings said that it plans to raise £2.8 million ($4.4 million) through the placement of 793,398 new ordinary shares at 350 pence each.

The offering price is a slight discount to the trading price of around 362.5 pence before the placement was announced Friday. The Manchester, UK-based firm said that it has conditionally placed the shares with unnamed existing and new institutional investors.

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