NEW YORK (GenomeWeb) – Vermillion said today that it has entered into a share repurchase agreement with Quest Diagnostics.

Under the agreement, Vermillion on June 17, 2015 purchased from Quest 860,595 shares of its common stock for a total of around $1.3 million, or $1.50 per share.

The share price was based on a simple average of closing prices per share of Vermillion's common stock for a trailing 60-day period and was then reduced by an amount negotiated by the two parties.

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