Trovagene Closes $15M Direct Offering; Adopts RainDance Digital PCR System | GenomeWeb

NEW YORK (GenomeWeb News) – Molecular diagnostics developer Trovagene today said that it has closed on a registered direct offering of $15 million of its common stock to an institutional investor at $7 per share.

Separately, the company and RainDance Technologies said earlier in the week that Trovagene has adopted RainDance's RainDrop Digital PCR System for R&D work.

Net proceeds from its $15 million offering will be used for R&D activities, working capital, and general corporate purposes, Trovagene said.

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