NEW YORK (GenomeWeb) – RXi Pharmaceuticals this week announced that it has signed a deal under which investment firm Lincoln Park Capital Fund has agreed to buy up to $20 million worth of RXi shares over the next 30 months.

Under the arrangement, Lincoln Park has already purchased 500,000 shares of RXi at $4 apiece for an initial investment of $2 million.

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A European team has launched a four-year study to develop a test to gauge cervical, ovarian, uterine, or aggressive breast cancer risk in women.

As interest in personalized medicine grows, government contractors are entering the field, the Washington Post reports.

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